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1,532 Commercial Real Estate Listings in Indianapolis, IN

  • Banta Trails Office Park - Indianapolis
    6313- 6411 S East St, Bantas Southwood, Indianapolis, IN
    For Lease
    • $12 - $18/Sqft/Year
    Property
    • Office
    • 36,722 Sqft
    Availability
    • 9 Spaces
    • 22,271 Sqft
    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
  • 8511 E Madison Avenue - Indianapolis
    8511 S Madison Avenue, Sherman Commons, Indianapolis, IN
    For Lease
    • $17/Sqft/Year
    Property
    • Retail
    • 8,832 Sqft
    Availability
    • 1 Space
    • 1,459 Sqft
    Year Built
    • 2020
    View Details
  • Southpoint Professional Center - Indianapolis
    5152 E Stop 11 Road, Sycamore Run, Indianapolis, IN
    For Lease
    • $12 - $14.5/Sqft/Year
    Property
    • Office
    • 51,420 Sqft
    Availability
    • 9 Spaces
    • 25,450 Sqft
    Year Built
    • 1994
    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
  • Masters Dental - Indianapolis
    5170 Commerce Circle, Sycamore Run, Indianapolis, IN
    For Lease
    • Contact for pricing
    Property
    • Office
    • 7,470 Sqft
    Availability
    • 3 Spaces
    • 1,620 Sqft
    View Details
  • 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
  • 7855 S. Emerson Avenue - Indianapolis
    7855 S. Emerson Avenue, Suite H, Sycamore Run, Indianapolis, IN
    For Lease
    • $15.5/Sqft/Month
    Property
    • Office
    • 3,600 Sqft
    Availability
    • 1 Space
    • 3,600 Sqft
    View Details
  • Castleton Park - Buildings 32, 36, 37 & 38 - Indianapolis
    6345 Castleway Court, Castleton, Indianapolis, IN
    For Lease
    • $13.5 - $15.95/Sqft/Year
    Property
    • Office
    • 83,430 Sqft
    Availability
    • 4 Spaces
    • 38,051 Sqft
    Year Built
    • 1980
    View Details
  • 6920 Gatwick Drive - Indianapolis
    6920 Gatwick Drive, Ameriplex, Indianapolis, IN
    For Lease
    • $14/Sqft/Year
    Property
    • Office
    • 38,148 Sqft
    Availability
    • 2 Spaces
    • 8,875 Sqft
    Year Built
    • 2001
    View Details
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  • Two Meridian Plaza - Indianapolis
    10401 North Meridian Street, Northridge, Indianapolis, IN
    For Lease
    • $25/Sqft/Year
    Property
    • Office
    • 123,046 Sqft
    Availability
    • 5 Spaces
    • 35,512 Sqft
    Year Built
    • 1989
    View Details
  • Methodist Medical Plaza South - Indianapolis
    8820 South Meridian Street, Southcreek, Indianapolis, IN
    For Lease
    • $27/Sqft/Year
    Property
    • Office
    • 71,739 Sqft
    Availability
    • 1 Space
    • 1,675 Sqft
    Year Built
    • 1994
    View Details
  • 310 East 96th Street - Indianapolis
    310 East 96th Street, College Commons, Indianapolis, IN
    For Lease
    • $22/Sqft/Year
    Property
    • Office
    • 90,826 Sqft
    Availability
    • 3 Spaces
    • 40,897 Sqft
    Year Built
    • 1995
    View Details
  • 101 West Ohio Street - Indianapolis
    101 West Ohio Street, North Meridian, Indianapolis, IN
    For Lease
    • $20.1 - $21/Sqft/Year
    Property
    • Office
    • 310,000 Sqft
    Availability
    • 10 Spaces
    • 20,092 Sqft
    Year Built
    • 1986
    View Details
  • 30 South Meridian Street - Indianapolis
    30 South Meridian Street, Wholesale District, Indianapolis, IN
    For Lease
    • $22.5 - $23.5/Sqft/Year
    Property
    • Office
    • 287,928 Sqft
    Availability
    • 4 Spaces
    • 31,570 Sqft
    Year Built
    • 1996
    View Details
  • 5454 Decatur Blvd - Indianapolis
    5454 Decatur Blvd, Ameriplex, Indianapolis, IN
    For Lease
    • $4.95/Sqft/Year
    Property
    • Industrial
    • 180,360 Sqft
    Availability
    • 1 Space
    • 180,360 Sqft
    Year Built
    • 1997
    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
  • Castleton Park - Buildings 7 & 8 - Indianapolis
    6535 East 82nd Street, Castleton, Indianapolis, IN
    For Lease
    • $17.5 - $21.37/Sqft/Year
    Property
    • Office
    • 51,656 Sqft
    Availability
    • 19 Spaces
    • 32,235 Sqft
    Year Built
    • 1972
    View Details
  • 2121 E 62nd St - Indianapolis
    2121 E 62nd St, Broad Ripple, Indianapolis, IN
    For Lease
    • $34/Sqft/Year
    Property
    • Retail
    • 8,642 Sqft
    Availability
    • 1 Space
    • 8,642 Sqft
    Year Built
    • 2007
    View Details
  • 2570 Shadeland Avenue - Indianapolis
    2570 Shadeland Avenue, Arlington Woods, Indianapolis, IN
    For Lease
    • $5/Sqft/Year
    Property
    • Industrial
    • 45,100 Sqft
    Availability
    • 1 Space
    • 45,100 Sqft
    Year Built
    • 1996
    View Details
  • 8445 Keystone Crossing - Indianapolis
    8445 Keystone Crossing, Keystone at the Crossing, Indianapolis, IN
    For Lease
    • $18/Sqft/Year
    Property
    • Office
    • 32,004 Sqft
    Availability
    • 3 Spaces
    • 8,360 Sqft
    Year Built
    • 1984
    View Details
  • International Commerce Centre - Indianapolis
    2345 South Lynhurst Drive, Drexel Gardens, Indianapolis, IN
    For Lease
    • $12 - $13.51/Sqft/Year
    Property
    • Office
    • 36,591 Sqft
    Availability
    • 3 Spaces
    • 6,883 Sqft
    Year Built
    • 1985
    View Details
  • Epler Parke - Indianapolis
    5510 South East Street, Southern Hills, Indianapolis, IN
    For Lease
    • $19.6/Sqft/Year
    Property
    • Office
    • 54,532 Sqft
    Availability
    • 2 Spaces
    • 5,611 Sqft
    Year Built
    • 2001
    View Details
  • OneAmerica Tower - Indianapolis
    1 American Sq, North Meridian, Indianapolis, IN
    For Lease
    • $26/Sqft/Year
    Property
    • Office
    • 691,769 Sqft
    Availability
    • 2 Spaces
    • 21,370 Sqft
    Year Built
    • 1982
    View Details
  • Eagle Highlands Business Center - Indianapolis
    6620 Parkdale Place, The Highlands, Indianapolis, IN
    For Lease
    • $14.25/Sqft/Year
    Property
    • Office
    • 71,174 Sqft
    Availability
    • 2 Spaces
    • 4,797 Sqft
    Year Built
    • 1988
    View Details
  • 107 North Pennsylvania Street - Indianapolis
    107 North Pennsylvania Street, North Meridian, Indianapolis, IN
    For Lease
    • $24/Sqft/Year
    Property
    • Office
    • 100,000 Sqft
    Availability
    • 2 Spaces
    • 13,916 Sqft
    Year Built
    • 1899
    View Details

Indianapolis, IN Commercial Real Estate

There are currently 1,496 commercial listings available in Indianapolis, IN. These listings include 1,416 commercial spaces that encompass a total of 17,491,376 square feet. Available commercial spaces in Indianapolis, IN range in size from 0 square feet to 600,000 square feet. A total of 862 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: 41,579,816 SF

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

By square footage range:

  • 50k to 100k SF: 14,351,246 SF / 34.51% of total office
  • 100k to 500k SF: 22,865,125 SF / 54.99% of total office
  • 500k to 1M SF: 4,363,445 SF / 10.49% of total office

By class:

  • Class A: 16,396,494 SF / 39.43% of total office
  • Class B: 22,907,712 SF / 55.09% of total office
  • Class C: 1,166,625 SF / 2.81% 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

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