Most listings are in the $10's per square foot per year. The Nora - Far Northside submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 15% decrease in rent.
Compared to the rest of the Indianapolis market, the Nora - Far Northside submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 6 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 17% of the office spaces in the Nora - Far Northside are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 4,820 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this market 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 residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.