The typical asking rate per listing is in the $20's per square foot per year. The I69-Fall Creek region is experiencing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 13% increase in rent.
Compared to the rest of the Indianapolis market, the I69-Fall Creek region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 13 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 8% of the available leases in the I69-Fall Creek are subleases, so you will probably have to focus your search on direct office leases. 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 2,480 sqft. Most buildings in this area are around 1 stories. Most buildings in this area were built in 1975 and are Class C.
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 car is the most popular way to get to work amongst I69-Fall Creek occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.