On average, listings lease in the $20's per square foot per year. The Nora - Far Northside submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 18% rise in rent.
Compared to the rest of the Indianapolis market, the Nora - Far Northside region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 18 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available leases in the Nora - Far Northside are subleases, so you might be able to find a shorter term or below market rent. 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 2,010 sqft. Most properties in this area are approximately 2 floors. Most buildings in this region were built in 1980 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. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Nora - Far Northside occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.