Please provide a location to search for

1,498 Commercial Real Estate Listings in Indianapolis, IN

  • Lockerbie Marketplace - Indianapolis
    333 North Alabama Street, Chatham Arch and Mass Avenue, Indianapolis, IN
    For Lease
    • $22/Sqft/Year
    Property
    • Office
    • 152,559 Sqft
    Availability
    • 1 Space
    • 4,968 Sqft
    Year Built
    • 1924
    View Details
  • HPG Center at Stop 11 - Indianapolis
    2348 East Stop 11 Road, Southport, Indianapolis, IN
    For Lease
    • $14/Sqft/Year
    Property
    • Retail
    • 41,150 Sqft
    Availability
    • 2 Spaces
    • 6,228 Sqft
    Year Built
    • 1999
    View Details
  • HPG Greenwood Corner Shops - Indianapolis
    8701 US Highway 31 South, Winchester Village, Indianapolis, IN
    For Lease
    • $16/Sqft/Year
    Property
    • Retail
    • 50,739 Sqft
    Availability
    • 1 Space
    • 3,600 Sqft
    Year Built
    • 1985
    View Details
  • Four Parkwood Crossing - Indianapolis
    500 East 96th Street, College Commons, Indianapolis, IN
    For Lease
    • $16/Sqft/Year
    Property
    • Office
    • 134,955 Sqft
    Availability
    • 8 Spaces
    • 73,366 Sqft
    Year Built
    • 1998
    View Details
  • Lakefront at Keystone - Lakefront 5 & 7 - Indianapolis
    3850 Priority Way South Drive, Keystone at the Crossing, Indianapolis, IN
    For Lease
    • $23.5/Sqft/Year
    Property
    • Office
    • 65,139 Sqft
    Availability
    • 6 Spaces
    • 12,913 Sqft
    Year Built
    • 1988
    View Details
  • Franklin Business Center - Indianapolis
    3131 N Franklin Rd, Franklin Heights, Indianapolis, IN
    For Lease
    • $4.5/Sqft/Year
    Property
    • Industrial
    • 488,925 Sqft
    Availability
    • 1 Space
    • 74,301 Sqft
    Year Built
    • 1967
    View Details
  • Crosspoint Corner 4 - Indianapolis
    9840 Westpoint Dr, Castleton, Indianapolis, IN
    For Lease
    • $18.95/Sqft/Year
    Property
    • Office
    • 15,600 Sqft
    Availability
    • 3 Spaces
    • 5,251 Sqft
    Year Built
    • 1999
    View Details
  • 4200 Industrial Blvd - Indianapolis
    4200 Industrial Blvd, Eagle Trace Village, Indianapolis, IN
    For Lease
    • $2.95/Sqft/Year
    Property
    • Industrial
    • 254,832 Sqft
    Availability
    • 2 Spaces
    • 254,832 Sqft
    Year Built
    • 1965
    View Details
  • Castleton Park - Building 35 - Indianapolis
    8020 Castleway Drive, Castleton, Indianapolis, IN
    For Lease
    • $10.5/Sqft/Year
    Property
    • Office
    • 48,446 Sqft
    Availability
    • 1 Space
    • 7,044 Sqft
    Year Built
    • 1978
    View Details
  • Pan Am Plaza - Indianapolis
    201 South Capitol Avenue, Wholesale District, Indianapolis, IN
    For Lease
    • $16.5/Sqft/Year
    Property
    • Office
    • 138,800 Sqft
    Availability
    • 15 Spaces
    • 57,078 Sqft
    Year Built
    • 1987
    View Details
  • Not finding the right space?
    Tell us where and what you're looking for and the brokers will come to you
  • Castle Creek II - Indianapolis
    8606 Allisonville Rd, Castleton, Indianapolis, IN
    For Lease
    • $18.5/Sqft/Year
    Property
    • Office
    • 63,000 Sqft
    Availability
    • 8 Spaces
    • 16,687 Sqft
    Year Built
    • 1981
    View Details
  • Purdue Technology Center - Indianapolis
    5225 Exploration Drive, Ameriplex, Indianapolis, IN
    For Lease
    • $20.6/Sqft/Year
    Property
    • Office
    • 60,000 Sqft
    Availability
    • 3 Spaces
    • 1,763 Sqft
    Year Built
    • 2008
    View Details
  • Eagle Creek Professional Center - Indianapolis
    6855 Shore Terrace Drive, The Highlands, Indianapolis, IN
    For Lease
    • $20/Sqft/Year
    Property
    • Office
    • 43,000 Sqft
    Availability
    • 5 Spaces
    • 25,193 Sqft
    Year Built
    • 2001
    View Details
  • 7202 & 7212 North Shadeland Avenue - Indianapolis
    7202 North Shadeland Avenue, East Avalon Hills, Indianapolis, IN
    For Lease
    • $16.5/Sqft/Year
    Property
    • Office
    • 44,017 Sqft
    Availability
    • 2 Spaces
    • 2,736 Sqft
    Year Built
    • 1975
    View Details
  • Penn on Parkway - 501 Pennsylvania Pkwy - Indianapolis
    501 Pennsylvania Pkwy, Northridge, Indianapolis, IN
    For Lease
    • $24/Sqft/Year
    Property
    • Office
    • 135,296 Sqft
    Availability
    • 8 Spaces
    • 135,311 Sqft
    Year Built
    • 1988
    View Details
  • Crosspoint Corner 5 - Indianapolis
    9850 Westpoint Dr, Castleton, Indianapolis, IN
    For Lease
    • $19.95/Sqft/Year
    Property
    • Office
    • 15,600 Sqft
    Availability
    • 1 Space
    • 2,350 Sqft
    Year Built
    • 1999
    View Details
  • Lake Pointe Center V - Indianapolis
    8415 Allison Pointe Blvd, Castleton, Indianapolis, IN
    For Lease
    • $17.95/Sqft/Year
    Property
    • Office
    • 150,000 Sqft
    Availability
    • 4 Spaces
    • 32,544 Sqft
    Year Built
    • 2008
    View Details
  • 24 Shelby Street - Indianapolis
    24 Shelby Street, Irish Hills, Indianapolis, IN
    For Lease
    • $15/Sqft/Year
    Property
    • Industrial
    • 62,784 Sqft
    Availability
    • 1 Space
    • 25,050 Sqft
    Year Built
    • 1904
    View Details
  • 8901 Otis Avenue - Indianapolis
    8901 Otis Avenue, Boston Commons, Indianapolis, IN
    For Lease
    • $18/Sqft/Year
    Property
    • Office
    • 62,162 Sqft
    Availability
    • 7 Spaces
    • 27,102 Sqft
    Year Built
    • 1939
    View Details
  • 4701 North Keystone Avenue - Indianapolis
    4701 North Keystone Avenue, Lake Maxinhall Estates, Indianapolis, IN
    For Lease
    • $15.5/Sqft/Year
    Property
    • Office
    • 79,917 Sqft
    Availability
    • 1 Space
    • 5,220 Sqft
    Year Built
    • 1970
    View Details
  • Capital Center - South Tower - Indianapolis
    201 North Illinois Street, North Meridian, Indianapolis, IN
    For Lease
    • $27 - $29/Sqft/Year
    Property
    • Office
    • 318,978 Sqft
    Availability
    • 16 Spaces
    • 91,386 Sqft
    Year Built
    • 1986
    View Details
  • Methodist Medical Plaza East - Indianapolis
    9660 East Washington Street, Easton, Indianapolis, IN
    For Lease
    • $24.75/Sqft/Year
    Property
    • Office
    • 112,644 Sqft
    Availability
    • 2 Spaces
    • 5,224 Sqft
    Year Built
    • 1996
    View Details
  • College Park Plaza - Indianapolis
    8909 Purdue Road, College Park, Indianapolis, IN
    For Lease
    • $20.5/Sqft/Year
    Property
    • Office
    • 180,637 Sqft
    Availability
    • 4 Spaces
    • 15,433 Sqft
    Year Built
    • 1997
    View Details
  • Meridian Park Five - Indianapolis
    9302 North Meridian Street, Park Meridian, Indianapolis, IN
    For Lease
    • $17/Sqft/Year
    Property
    • Office
    • 63,199 Sqft
    Availability
    • 4 Spaces
    • 10,616 Sqft
    Year Built
    • 1981
    View Details
  • 8071 Township Line Road - Indianapolis
    8071 Township Line Road, Westchester Estates, Indianapolis, IN
    For Lease
    • $20/Sqft/Year
    Property
    • Office
    • 38,865 Sqft
    Availability
    • 6 Spaces
    • 23,937 Sqft
    Year Built
    • 1987
    View Details
  • 6402 Corporate Drive - Indianapolis
    6402 Corporate Drive, Quail Ridge, Indianapolis, IN
    For Lease
    • $10/Sqft/Year
    Property
    • Industrial
    • 158,696 Sqft
    Availability
    • 2 Spaces
    • 30,600 Sqft
    Year Built
    • 1996
    View Details

Indianapolis, IN Commercial Real Estate

There are currently 1,463 commercial listings available in Indianapolis, IN. These listings include 1,334 commercial spaces that encompass a total of 17,342,805 square feet. Available commercial spaces in Indianapolis, IN range in size from 3 square feet to 600,000 square feet. A total of 862 off-market commercial properties located in Indianapolis, IN are also available for research.

Look For Commercial Real Estate Space Near Me

Are you still looking for the commercial real estate space near you that’s perfect for your business? Browse through all available CommercialCafe listings in your area to find the right fit — the space that meets your requirements, right now and for the future. Easily compare sizes, prices, amenities and locations of commercial real estate spaces for rent near me. Expand your search beyond your neighborhood and ZIP code and search our listings in any city or state to find the best fit for your needs, wherever you are in the U.S. The perfect commercial real estate space for rent near Indianapolis, IN is only one search away.

Indianapolis, IN Economic Overview

Location Photo

Indianapolis is the largest city in Indiana, with a population of about 850,000 and a metropolitan statistical area population of nearly 2 million people. Indianapolis is also the capital of Indiana and the second most-populated city in the Midwestern U.S. Nicknamed the “Crossroads of America,” the city is within a one-day drive of 80% of the population of the country. Business services, financial services, hospitality, distribution services, education, and transportation and logistics services all contribute to the increasing demand for commercial real estate in Indianapolis.

With a gross metropolitan product of nearly $126 billion annually, the Indianapolis metro area ranks as the 42nd-largest economic region in the world. The city is within a one-day drive of 80% of the U.S. population and half-a-day's drive of more than 20 major metropolitan areas.

FedEx's second-largest facility in the world is based at the Indianapolis International Airport, which is also the eighth-largest cargo airport in North America. Indianapolis has three Foreign Trade Zones located on the Lake Michigan and the Ohio River inland waterways, and four major interstate highways intersect in Indianapolis giving it direct access to other markets. Each year, over $1.1 billion worth of freight travels through the area, making Indiana the fifth-busiest state for commercial traffic and the seventh in value of NAFTA exports, totaling over $15 billion per year.

The largest industry sectors in Indianapolis contributing to the economy are manufacturing, health care and social services, and retail trade. 

Indianapolis, IN Commercial Real Estate Market

The industrial commercial real estate market in Indianapolis includes roughly 240 million square feet of warehouse and flex product with an average vacancy rate of just over 5%. Over the last several years, absorption has steadily increased, direct vacancy rates have continued to slide downward, and asking rents have inched up. Investment portfolio money continues to seek opportunity in the industrial market here, driving the occupancy rate of flex product in the Northeast submarket to nearly 94%.

With about 38 million square feet of office inventory in Indianapolis, the metrics for direct vacancy, asking rent, net absorption, leasing activity and investment sales are all looking healthy. In the Central Business District submarket alone there has been a nearly 80% increase in leasing activity, driven by the transition of downtown to a tech-centric destination along with the growth of co-working facilities.

The commercial retail real estate market in Indianapolis, from Downtown to College Park, has seen asking rents consistently increase and vacancies drop. With nearly 77 million square feet of inventory in all of the 15 trade areas, food-related retail, dollar stores, discounters and off-priced apparel outlets are driving the bulk of tenant leasing activity.

Indianapolis, IN Office Sales Volume

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Indianapolis, IN Office Transactions

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Indianapolis, IN Commercial Inventory Breakdown

Office Spaces

Total: 41,058,512 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 13,923,942 SF / 33.91% of total office
  • 100k to 500k SF: 22,771,125 SF / 55.46% of total office
  • 500k to 1M SF: 4,363,445 SF / 10.63% of total office

By class:

  • Class A: 16,202,494 SF / 39.46% of total office
  • Class B: 22,575,852 SF / 54.98% of total office
  • Class C: 1,166,625 SF / 2.84% of total office

Industrial

Total: 119,746,854 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 22,571,893 SF / 18.85% of total industrial
  • 100k to 500k SF: 59,628,042 SF / 49.8% of total industrial
  • 500k to 1M SF: 20,845,393 SF / 17.41% of total industrial
  • > 1M SF: 16,701,526 SF / 13.95% of total industrial

By class:

  • Class A: 31,128,966 SF / 26% of total industrial
  • Class B: 81,471,942 SF / 68.04% of total industrial
  • Class C: 4,485,733 SF / 3.75% of total industrial

Office Spaces with Retail

Total: 1,241,265 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 275,706 SF / 22.21% of total office with retail
  • 100k to 500k SF: 965,559 SF / 77.79% of total office with retail

Employment in Indianapolis, IN

Employment

With an unemployment rate of under 4%, an average annual salary of nearly $46,000 and a cost of living that is lower than in many other parts of the U.S., the city has seen consistently strong job growth over the past several years. More than 90 national companies have their headquarters in the metro area, including Eli Lilly and Company, Angie's List, RCI, Simon Property Group, and the NCAA. 

Key employers by industry in Indianapolis are:

  • Healthcare and social assistance, with over 132,000 employees;
  • Specialty trade contractors, with over 73,000 workers;
  • Professional, scientific, and technical services, with nearly 55,000 people.

Fortune 500, Fortune 1000 and other major companies based in Indianapolis include Calumet Specialty Products, Allison Transmission, CNO Financial Group, Republic Airways, Celadon Group, OneAmerica, and Anthem, Inc.

Other significant contributors to the economy and employment in Indianapolis are the biotechnology, health care, life sciences, logistics, high-technology, and the hospitality industries.

Education in Indianapolis, IN

Indianapolis has 100 public elementary, middle and high schools, and 158 private schools. Twenty-two of the high schools in Indianapolis are recognized by U.S. News & World Report as having the best high school rankings in the country. The public school system employs nearly 8,600 teachers for its total student body of nearly 210,000.

Colleges and universities in Indianapolis include Indiana University - Purdue University Indianapolis, Ivy Tech Community College of Indiana, Butler University, and Martin University.

Commuting Time in Indianapolis, IN

The average commute time in Indianapolis is just over 22 minutes, with almost 1.5% of the workforce having a 'super commute' of 90 minutes or more. Carpooling in Indianapolis is a popular commuting option, with almost 10% of the labor force driving to work together.

Benefiting both business and residents alike, Indianapolis' integrated transportation infrastructure includes transport by bus, Amtrak train, freight rail, multiple interstates and freeways, airports, a heliport, a mass transit people mover, and both car-share and bike-share systems.

  • The I-65, I-69, I-70 and I-74 interstates all intersect in Indianapolis.
  • Rail service for both passenger and freight traffic is an important part of the Indianapolis transportation system, with Amtrak providing daily service for commuters, and Indiana Rail Road, Louisville & Indiana Railroad, and CSX Transportation all providing and expanding freight rail service in Indianapolis.
  • The Indianapolis Public Transportation Corporation, dba IndyGo, operates the city's mass transit bus system.
  • Alternative forms of public transportation in Indianapolis include the Indiana University Health People mover connecting IU Health's campus to the Indiana University School of Medicine, a multi-station bicycle sharing system, and an electric car-sharing system operating under the name BlueIndy.
  • Serving over 8.5 million passengers annually and home to the second-largest FedEx facility in the world, the Indianapolis International Airport is the busiest in Indiana.
  • The Indianapolis Airport Authority also oversees the operation of five additional, smaller airports in the metro area and the Indianapolis Downtown Heliport.

Indianapolis Demographics

Population

  • Total Population864,447
  • Male Population(48.2 %) 416,893
  • Female Population(51.8 %) 447,554
  • Median Age34.20

Income/Financial

  • Average Household Income$68,364
  • Median Household Income$47,873
  • Median Income Under 25$28,450
  • Median Income 25-44$49,799
  • Median Income 45-64$56,503
  • Median Income Over 65$39,738

News

If you live and work in the U.S., you likely have some form of commute to work. Whether you take the train or go by car, bus or subway – or all of the above – commuting takes up a large amount of your personal time that can often lead to frustration. Spending hours in …

  Ever since Gordon Gekko uttered his now infamous credo, “greed is good,” many economists have been concerned with the long-term effects of the growing income inequality in the U.S. While free-market enthusiasts see things differently, inequality has become a recurring topic within our news cyc...

Nearly four decades after President Carter adventurously installed solar panels on the White House, America’s energy transition away from fossil fuels has seen only modest progress. 2007 marked the first year in history when more than half of the world’s population lived in cities, and the U.N. ...