On average, listings lease in the $20's per square foot per year. The Castleton region is experiencing a decline in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 1% decline in rent.
Compared to the rest of the Indianapolis market, the Castleton submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 61 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available leases in the Castleton are subleases, so you will probably have to consider a longer term lease. 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 1,800 sqft. Most properties in this region are close to 3 floors. Most buildings in this market 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 area. 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.