On average, listings lease in the $10's per square foot per year. The Far Eastside submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 25% decrease in rent.
Compared to the rest of the Indianapolis market, the Far Eastside submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 7 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 9,100 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this market were built in 1920 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Far Eastside occupants. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.