The typical asking rate per listing is in the $10's per square foot per year. The Chapel Hill - Ben Davis submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $19 per sqft per year.
Compared to the rest of the Indianapolis market, the Chapel Hill - Ben Davis region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 6 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 117% of the available leases in the Chapel Hill - Ben Davis are subleases, so you might be able to find a shorter term or below market rent. 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 1,900 sqft. Most properties in this area are around 1 floors. Most buildings in this market were built in 0 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Chapel Hill - Ben Davis occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.