The typical asking rate per listing is in the $20's per square foot per year. The Castleton region is going through a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Indianapolis market, the Castleton region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 57 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the listings in the Castleton 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,040 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 3 floors. Most buildings in this area were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Castleton residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.