The typical asking rate per listing is in the $20's per square foot per year. The Park Fletcher submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 38% increase in rent.
Compared to the rest of the Indianapolis market, the Park Fletcher submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 5 listings have come on the market, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 20% of the available leases in the Park Fletcher 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.
The standard measurement for office space in this area is around 1,930 sqft. Most properties in this market are close to 2 stories. Most buildings in this area were built in 1974 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Park Fletcher folk. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.