Most listings are in the $20's per square foot per year. The I69-Fall Creek submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease 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 depreciated submarket.
In the last 90 days, 5 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,220 sqft. Most buildings in this area are close to 1 floors. Most buildings in this market were built in 1980 and are 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 market. Commute by car is the most popular way to get to work amongst I69-Fall Creek folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.