Indianapolis, IN Commercial Real Estate for Lease - 651 Listings

8440 Woodfield Crossing Blvd

8440 Woodfield Crossing Blvd, Northern Hills, Indianapolis, IN
Property

Office

125,458 SF
Availability

7 Spaces

54,637 SF
Year Built

1987
For Lease Contact for pricing
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Parkstone Office Center I

9101 North Wesleyan Road, College Park, Indianapolis, IN
Property

Office

50,643 SF
Availability

4 Spaces

9,853 SF
Year Built

1979
For Lease

$16.50/SF/YR
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16th Street Commercial Park - 1645 Industry Dr

1645 Industry Dr, Windsor Village, Indianapolis, IN
Property

Industrial
Availability

1 Space

25,380 SF
For Lease Contact for pricing
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Beech Grove office space for sublease

3834 South Emerson Avenue, Beech Grove, Indianapolis, IN
Property

Office

13,315 SF
Availability

1 Space

2,500 SF
Year Built

1982
For Lease

$16.00/SF/YR
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Heritage Park I

6612 E. 75th St., Devonshire, Indianapolis, IN
Property

Office

87,165 SF
Availability

3 Spaces

25,976 SF
For Lease

$19.50/SF/YR
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Boulder Ridge Professional Center

5905 South Emerson Avenue, I65 - South Emerson, Indianapolis, IN
Property

Office

35,520 SF
Availability

2 Spaces

8,717 SF
Year Built

2003
For Lease

$25.00/SF/YR
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BMO Plaza

135 North Pennsylvania Street, North Meridian, Indianapolis, IN
Property

Office

442,000 SF
Availability

18 Spaces

95,368 SF
Year Built

1988
For Lease Contact for pricing
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1034 E New York St

1034 E New York St, Holy Cross, Indianapolis, IN
Property

Industrial

137,420 SF
Availability

1 Space

26,800 SF
Year Built

1940
For Lease

$4.25/SF/YR
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3832 Eagle View Dr

3832 Eagle View Dr, The Highlands, Indianapolis, IN
Property

Retail

3,859 SF
Availability

1 Space

3,859 SF
For Lease

$30.00/SF/YR
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Lake Pointe Center V

8415 Allison Pointe Blvd, Castleton, Indianapolis, IN
Property

Office

150,000 SF
Availability

6 Spaces

65,269 SF
Year Built

2008
For Lease Contact for pricing
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1240 Brookville Way

1240 Brookville Way, Glenroy Village, Indianapolis, IN
Property

Industrial

62,308 SF
Availability

2 Spaces

31,500 SF
Year Built

1989
For Lease Contact for pricing
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Light Industrial For Lease — Cardinal | Stos Flex Portfolio

Cardinal | Stos Industrial Portfolio Indianapolis, Wholesale District, Indianapolis, IN
Property

Industrial
Availability

1 Space

12,966 SF
For Lease Contact for pricing
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6750 Shelbyville Rd

6750 Shelbyville Rd, Franklin Parke Estates, Indianapolis, IN
Property

VacantLand
Availability

1 Space

49,222 SF
For Lease Contact for pricing
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Regency Centre

8202 Clearvista Pkwy, Castle Ridge, Indianapolis, IN
Property

Office

53,600 SF
Availability

1 Space

1,200 SF
Year Built

1985
For Lease

$17.25/SF/YR
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College Park Place

3653 W. 86th St., Crooked Creek Heights, Indianapolis, IN
Property

Retail

20,176 SF
Availability

1 Space

4,665 SF
For Lease Contact for pricing
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Park 100 - Building 101

5840-5958 W 71st St, Park 100, Indianapolis, IN
Property

Industrial
Availability

1 Space

3,600 SF
Year Built

1982
For Lease Contact for pricing
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4557 West Bradbury Avenue

4557 West Bradbury Avenue, Mars Hill, Indianapolis, IN
Property

Industrial

111,036 SF
Availability

1 Space

64,068 SF
Year Built

1975
For Lease Contact for pricing
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Keystone Office Centre

8395 Keystone Crossing, Keystone at The Crossing, Indianapolis, IN
Property

Office

40,800 SF
Availability

8 Spaces

19,332 SF
Year Built

1984
For Lease

$22.50/SF/YR
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Park 100 Building 118

5273-5307 Lakeview Pkwy Dr, Park 100, Indianapolis, IN
Property

Office

35,700 SF
Availability

4 Spaces

25,075 SF
Year Built

1988
For Lease

$11.00/SF/YR
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Shadeland Business Center

3140-3192 Shadeland Avenue, Arlington Woods, Indianapolis, IN
Property

Industrial

90,135 SF
Availability

2 Spaces

13,160 SF
Year Built

1990
For Lease

$7.25/SF/YR
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Georgetown Business Center

7210-7220 Georgetown Rd, Park 100, Indianapolis, IN
Property

Industrial
Availability

1 Space

3,540 SF
For Lease Contact for pricing
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The Marko on the Canal

6280 N College Avenue, Warfleigh, Indianapolis, IN
Property

Retail

26,471 SF
Availability

2 Spaces

12,134 SF
For Lease Contact for pricing
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2920 Fortune Circle West

2920 Fortune Circle West, Park Fletcher, Indianapolis, IN
Property

Industrial

88,480 SF
Availability

1 Space

19,152 SF
Year Built

1998
For Lease Contact for pricing
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8351 Northwest Blvd

8351 Northwest Blvd, Park 100, Indianapolis, IN
Property

Industrial

208,622 SF
Availability

1 Space

61,965 SF
Year Built

1995
For Lease Contact for pricing
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Shadeland Station Office Park - 7400 North Shadeland Avenue

7400 North Shadeland Avenue, East Avalon Hills, Indianapolis, IN
Property

Office

50,334 SF
Availability

3 Spaces

11,425 SF
Year Built

1990
For Lease

$19.50/SF/YR
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Belmont Industrial Complex

217 S Belmont Ave, Belmont, Indianapolis, IN
Property

Industrial
Availability

1 Space

64,945 SF
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Indianapolis commercial real estate market incorporates 26,040,939 square feet of office space across 375 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Indianapolis, the coworking segment of the commercial real estate market incorporates about 2,395 square feet.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Indianapolis commercial real estate market includes 1,098,714,246 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Indianapolis market, there is a total of 17,223,897 square feet of industrial property.

The listing inventory in Indianapolis incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Indianapolis is represented by Industrial space, which accounts for 14,025,006 square feet of available listings. Office space available in Indianapolis adds up to 7,857,486 square feet.

Meanwhile, most of the listings of commercial property for sale in Indianapolis are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Indianapolis is $19.07 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Indianapolis can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $22.03 per square foot, industrial space in Indianapolis saw average rents of $8.83 per square foot.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Indianapolis, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Indianapolis is in the North Meridian neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the North Meridian area.

Meanwhile, retail space opportunities are most abundant in the Castleton submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Park 100.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $36 per square foot. In particular, the property type commanding the highest lease rates in Indianapolis was Retail space.

Conversely, the highest sale price last year was $18,000,000 that is located at 8711 River Crossing Blvd.

The average size of a commercial property in Indianapolis depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Indianapolis, the average size of an office property is 85,944 square feet.
Retail properties here incorporate an average of 8,387,132 square feet.
Industrial space in Indianapolis is in buildings that are, on average 151,087 square feet in size.

Indianapolis, IN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Indianapolis currently add up to 26,832,957 square feet. The market offers 315 active office listing(s), which amount to 7,857,486 square feet and account for 49% of commercial spaces on the market. Local retail availability includes 1,805,559 square feet across 117 retail space(s). Industrial space for rent opportunities in Indianapolis amount to 14,025,006 square feet across a total of 182 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	315	7,857,486
Retail	117	1,805,559
Industrial	182	14,025,006
Other	24	3,144,906

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Indianapolis, IN. Currently, there is 15,046,164 square feet of commercial property for sale here , which includes 61 office building(s) for sale , 32 retail investment opportunity listing(s) , and 25 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	61	2,224,545
Retail	32	10,613,638
Industrial	25	988,903
Other	57	1,219,079

Indianapolis, IN Commercial Real Estate Market Overview

The statistical metropolitan area that has grown from and around Indianapolis is home to more than 2 million residents. Although frequently overlooked in rankings of the country’s strongest labor markets due to its traditionally more modest growth rates, Indianapolis stands as one of the most important economic engines in the midwestern region. Top sectors of the city’s diverse economy include finance; insurance; manufacturing; professional and business services; and healthcare.

Following the decline in heavy manufacturing at the close of the great Industrial Age, services replaced manufacturing as the largest sector of the local economy. In particular, biological sciences became a main focus of development efforts. Indianapolis commercial real estate caters to a diverse mix of industries and is home to leading producers of pharmaceuticals, musical instruments, electrical products and mobile phones. Real estate, insurance and financial services are the main drivers of the services sector, followed by professional and technical services.

Indianapolis, IN Commercial Real Estate for Lease - 651 Listings

8440 Woodfield Crossing Blvd

Parkstone Office Center I

16th Street Commercial Park - 1645 Industry Dr

Beech Grove office space for sublease

Heritage Park I

Boulder Ridge Professional Center

BMO Plaza

1034 E New York St

3832 Eagle View Dr

Lake Pointe Center V

1240 Brookville Way

Light Industrial For Lease — Cardinal | Stos Flex Portfolio

6750 Shelbyville Rd

Regency Centre

College Park Place

Park 100 - Building 101

4557 West Bradbury Avenue

Keystone Office Centre

Park 100 Building 118

Shadeland Business Center

Georgetown Business Center

The Marko on the Canal

2920 Fortune Circle West

8351 Northwest Blvd

Shadeland Station Office Park - 7400 North Shadeland Avenue

Belmont Industrial Complex

Frequently Asked Questions

Indianapolis, IN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Indianapolis, IN Commercial Real Estate Market Overview

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Indianapolis, IN Commercial Real Estate for Lease - 651 Listings

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Indianapolis, IN?

What factors affect the price of commercial real estate in Indianapolis, IN?

What is the average rent for commercial space in Indianapolis, IN?

What are the best areas for commercial real estate in Indianapolis, IN?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Indianapolis, IN?

Indianapolis, IN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Indianapolis, IN Commercial Real Estate Market Overview

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us