The typical asking rate per listing is in the $20's per square foot per year. The College Park submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 9% increase in rent.
Compared to the rest of the Indianapolis market, the College Park submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 19 listings have come on the market, which means listings 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,650 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 3 floors. Most buildings in this region were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst College Park occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.