Most listings are in the $20's per square foot per year. The Indianapolis region is going through a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Indianapolis market, the Indianapolis region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 324 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available space in the Indianapolis are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,770 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this area were built in 1951 and are Class B.