On average, listings lease in the $10's per square foot per year. The West Edgewood submarket is going through a a boost in rates. In the last 3 months, the median rate increased $15 per sqft per year.
Compared to the rest of the Indianapolis market, the West Edgewood submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 6 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,280 sqft. Most properties in this area are close to 1 floors. Most buildings in this region were built in 1958 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Most of the folk of West Edgewood work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.