The typical asking rate per listing is in the $20's per square foot per year. The South Perry submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $21 per sqft per year.
Compared to the rest of the Indianapolis market, the South Perry submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 3 listings have been made available, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. 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 5,200 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 1 floors. Most buildings in this region 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 market. Commute by car is the most popular way to get to work amongst South Perry folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.