Most listings are in the $20's per square foot per year. The Nora - Far Northside region is going through a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 25% increase in rent.
Compared to the rest of the Indianapolis market, the Nora - Far Northside submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 15 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,770 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this region were built in 1980 and are Class A.
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.