On average, listings lease in the $20's per square foot per year. The College Commons region is going through a a rise in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 17% rise in rent.
Compared to the rest of the Indianapolis market, the College Commons submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 7 listings have been made available, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,860 sqft. Most properties in this area are approximately 3 floors. Most buildings in this market were built in 1979 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Most of the occupants of College Commons work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.