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1,278 Commercial Real Estate Listings in Indianapolis, IN

  • HPG Center at Stop 11 - Indianapolis
    2348 East Stop 11 Road, Southport, Indianapolis, IN 46227
    For Lease $14/Sqft/Year
    Property
    • Retail
    Availability
    • 2 Spaces
    • 6,228 Sqft
  • HPG Greenwood Corner Shops - Indianapolis
    8701 US Highway 31 South, Winchester Village, Indianapolis, IN 46227
    For Lease $16/Sqft/Year
    Property
    • Retail
    Availability
    • 1 Space
    • 3,600 Sqft
  • Lockerbie Marketplace - Indianapolis
    333 North Alabama Street, Chatham Arch and Mass Avenue, Indianapolis, IN 46204
    For Lease $22/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 4,968 Sqft
  • 4701 North Keystone Avenue - Indianapolis
    4701 North Keystone Avenue, Lake Maxinhall Estates, Indianapolis, IN 46205
    For Lease $15.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 5,220 Sqft
  • 611 North Delaware Street - Indianapolis
    611 North Delaware Street, St. Joseph, Indianapolis, IN 46204
    For Lease $12/Sqft/Year
    Property
    • Retail
    Availability
    • 1 Space
    • 5,503 Sqft
  • Parkstone Office Center I - Indianapolis
    9101 North Wesleyan Road, College Park, Indianapolis, IN 46268
    For Lease $16/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 2,112 Sqft
  • Purdue Technology Center - Indianapolis
    5225 Exploration Drive, Ameriplex, Indianapolis, IN 46241
    For Lease $20.6/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 1,763 Sqft
  • OneAmerica Tower - Indianapolis
    1 American Sq, North Meridian, Indianapolis, IN 46282
    For Lease $26/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 21,370 Sqft
  • Park 100 Building 98 - Indianapolis
    8250-8258 Zionsville Rd, Park 100, Indianapolis, IN 46268
    For Lease $4.51/Sqft/Year
    Property
    • Industrial
    Availability
    • 1 Space
    • 33,900 Sqft
  • Lake Pointe Center V - Indianapolis
    8415 Allison Pointe Blvd, Castleton, Indianapolis, IN 46250
    For Lease $20/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 6,151 Sqft
  • Lakefront at Keystone - Lakefront 15 - Indianapolis
    9190 Priority Way West Drive, Keystone at the Crossing, Indianapolis, IN 46240
    For Lease $19.5/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 56,276 Sqft
  • Eagle Highlands Business Center - Indianapolis
    6620 Parkdale Place, The Highlands, Indianapolis, IN 46254
    For Lease $14.25/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 4,797 Sqft
  • 2121 E 62nd St - Indianapolis
    2121 E 62nd St, Broad Ripple, Indianapolis, IN 46220
    For Lease $34/Sqft/Year
    Property
    • Retail
    Availability
    • 1 Space
    • 8,642 Sqft
  • Methodist Medical Plaza South - Indianapolis
    8820 South Meridian Street, Southcreek, Indianapolis, IN 46217
    For Lease $27/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 1,675 Sqft
  • Waterfront V - Indianapolis
    2831 Waterfront Pkwy, The Islands, Indianapolis, IN 46214
    For Lease $15/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 36,369 Sqft
  • 3502 Woodview Trace - Indianapolis
    3502 Woodview Trace, College Park, Indianapolis, IN 46268
    For Lease $16/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 4,865 Sqft
  • Methodist Medical Plaza II - Indianapolis
    6820 Parkdale Place, The Highlands, Indianapolis, IN 46254
    For Lease $22.25/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 11,045 Sqft
  • Directors Row at Park Fletcher - 2401 Directors Row - Indianapolis
    2401 Directors Row, Park Fletcher, Indianapolis, IN 46241
    For Lease $11 - $12/Sqft/Year
    Property
    • Office
    Availability
    • 5 Spaces
    • 14,387 Sqft
  • Two Concourse - Indianapolis
    10194 Crosspoint Blvd, Castleton, Indianapolis, IN 46256
    For Lease $24.5/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 6,291 Sqft
  • Lakeview Medical Office Park - 9002 North Meridian Street - Indianapolis
    9002 North Meridian Street, Sunset Heights, Indianapolis, IN 46260
    For Lease $24/Sqft/Year
    Property
    • Office
    Availability
    • 6 Spaces
    • 9,826 Sqft
  • ISTA Center - Indianapolis
    150 West Market Street, North Meridian, Indianapolis, IN 46204
    For Lease $18.5/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 15,029 Sqft
  • Park 100 - 5604 West 74th Street - Indianapolis
    5604 West 74th Street, Park 100, Indianapolis, IN 46278
    For Lease $14/Sqft/Year
    Property
    • Industrial
    Availability
    • 3 Spaces
    • 20,812 Sqft
  • Castleton Park - Building 30 - Indianapolis
    5920 Castleway West Drive, Castleton, Indianapolis, IN 46250
    For Lease $16.5/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 37,299 Sqft
  • Regions Tower - Indianapolis
    211 North Pennsylvania Street, North Meridian, Indianapolis, IN 46204
    For Lease $20 - $24.5/Sqft/Year
    Property
    • Office
    Availability
    • 17 Spaces
    • 119,160 Sqft
  • Keystone Office Park 3003 - Indianapolis
    3003 E 98th St, Keystone at the Crossing, Indianapolis, IN 46280
    For Lease $18.95/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 3,823 Sqft

Indianapolis, IN Commercial Real Estate

There are currently 1,279 commercial listings available in Indianapolis, IN. These listings include 1,101 commercial spaces that encompass a total of 10,925,627 square feet. Available commercial spaces in Indianapolis, IN range in size from 12 square feet to 501,398 square feet. A total of 910 off-market commercial properties located in Indianapolis, IN are also available for research.

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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: 39,651,014 SF

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

By square footage range:

  • 50k to 100k SF: 13,438,965 SF / 33.89% of total office
  • 100k to 500k SF: 22,697,540 SF / 57.24% of total office
  • 500k to 1M SF: 3,514,509 SF / 8.86% of total office

By class:

  • Class A: 16,123,449 SF / 40.66% of total office
  • Class B: 21,152,741 SF / 53.35% of total office
  • Class C: 1,020,994 SF / 2.57% of total office

Industrial

Total: 117,170,821 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 22,706,420 SF / 19.38% of total industrial
  • 100k to 500k SF: 58,778,191 SF / 50.16% of total industrial
  • 500k to 1M SF: 18,984,684 SF / 16.2% of total industrial
  • > 1M SF: 16,701,526 SF / 14.25% of total industrial

By class:

  • Class A: 26,138,605 SF / 22.31% of total industrial
  • Class B: 79,638,935 SF / 67.97% of total industrial
  • Class C: 3,859,396 SF / 3.29% of total industrial

Office Spaces with Retail

Total: 1,276,232 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 275,706 SF / 21.6% of total office with retail
  • 100k to 500k SF: 1,000,526 SF / 78.4% 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 Population857,637
  • Male Population(48.2 %) 413,806
  • Female Population(51.8 %) 443,831
  • Median Age34.20

Income/Financial

  • Average Household Income$65,566
  • Median Household Income$46,442
  • Median Income Under 25$26,667
  • Median Income 25-44$48,035
  • Median Income 45-64$54,714
  • Median Income Over 65$38,170

News

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