On average, listings lease in the $20's per square foot per year. The Indianapolis submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $24 per sqft per year.
Compared to the rest of the Indianapolis market, the Indianapolis submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 435 listings have come on the market, so you'll want to check back regularly for new listings. About 44% of the listings in the Indianapolis are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,330 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this region were built in 1959 and are Class B.