The typical asking rate per listing is in the $20's per square foot per year. The South Perry submarket is going through a a boost in rates. In the last 3 months, the median rate rose $21 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Indianapolis market, the South Perry region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 3 listings have been posted online, which means leases might be going fast. 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 5,200 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this area were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst South Perry occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.