On average, listings lease in the $10's per square foot per year. The Mapleton - Fall Creek region is experiencing a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 39% decline in rent.
Compared to the rest of the Indianapolis market, the Mapleton - Fall Creek submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 2 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the office spaces in the Mapleton - Fall Creek are subleases, so you might be able to snag a great spot on a short term. 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 3,950 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this market were built in 1920 and are Class C.
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 folk of Mapleton - Fall Creek work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.