On average, listings lease in the $20's per square foot per year. The Forest Commons region is seeing a a rise in rates. In the last 3 months, the median rate rose $21 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Indianapolis market, the Forest Commons submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 11 listings have been posted online, which means new availabilities might be going fast. 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 3,090 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 2 stories. Most buildings in this market were built in 1991 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the occupants of Forest Commons work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.