Indianapolis, IN Commercial Real Estate for Lease and Sale

Explore 853 listing(s) of commercial real estate in Indianapolis, IN to find the best space for your business.

CRE Market FAQs

7536 South Emerson Avenue

7536 South Emerson Avenue, Sycamore Run, Indianapolis, IN
Property Type

VacantLand
For Sale

$2,000,000
Property size 5.69 Acre
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Strada

SWC East 66th Street & Cornell Avenue, Broad Ripple, Indianapolis, IN
Space Type

Office
For Lease Contact for pricing

3 spaces available / 16,497 - 16,499 SF
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Emerson Way Shopping Center

5450-5500 Emerson Way, Millersville, Indianapolis, IN
Space Type

Retail
For Lease Contact for pricing

2 spaces available / 2,400 - 3,000 SF
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Park 100 - Building 30 Availabilities

8102-8176 Zionsville Rd, Park 100, Indianapolis, IN
Space Type

Industrial
For Lease Contact for pricing

1 space available / 5,400 SF
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3838 N Illinois St

3838 N Illinois St, Butler - Tarkington, Indianapolis, IN
Space Type

Industrial
For Lease Contact for pricing

3 spaces available / 1,260 - 4,320 SF
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Frequently Asked Questions

Here is a rundown of the primary commercial real estate property types currently available in Indianapolis:
- Office Space: The market includes 22,179,882 square feet of office spaces in addition to 906 coworking locations.
- Retail Space: Between malls, restaurants and stores, Indianapolis is home to 19,450,736 square feet of available retail space.
- Industrial Space: Warehouses, distribution centers, manufacturing facilities and other industrial types total 16,078,341 square feet of available space in Indianapolis.
The average rent for commercial real estate in Indianapolis is $19.3 per square foot. However, specific rates may vary widely by property type, class and quality. The cheapest commercial space in Indianapolis costs $1.25, while the city’s premium locations ask up to $46.67.
Office space here averages $23.79 per square foot while industrial space averages $8.8 per square foot. The variation reflects differences in property types, quality, and demand. 
Here is a breakdown of the average size of different property classes (also known as asset class or property type):
- Class A/A+ properties have an average size of 168,520 square feet.
- Class B properties are sized 66,943 square feet, on average.
- Class C properties span an average of 22,869 square feet.
The best area for commercial real estate in Indianapolis will depend greatly on your needs. The neighborhood with the largest overall number of commercial listings is North Meridian, home to no fewer than 210 listings for space of all types. If you're looking for office space, North Meridian has the highest concentration of office listings at 202.

Meanwhile, Park 100 has the highest number of industrial availabilities (40), while Castleton boasts the largest number of retail listings in the city (16).
CommercialCafe’s CRE offering in Indianapolis is enabled by a network of 276 active brokers from 104 different firms, ensuring a wide variety of listings. Working with an experienced professional can make a real difference. Learn more about the benefits of working with a broker.

To get in touch with a broker, use the "Contact Property" button on this search page or fill in the contact form provided on each individual property’s listing page.
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, local market conditions, the state of the local economy and the demand for that particular type of commercial property, to name a few.

Asking rents in the city can be as high as $46.67 per square foot. In particular, the property type commanding the highest lease rates in Indianapolis is Retail space.
The average size of a commercial property here stands at 4,552,667. However, different asset classes and zoning laws will result in vastly different property sizes. Here is a breakdown of the average size of different commercial asset classes in Indianapolis:
Office properties:
- Average size: 84,981 square feet.
- Largest property: Full Building (200,000 square feet).
Retail properties:
- Average size: 130,542 square feet.
- Largest property: Space Available (15,241,487 square feet).
Industrial properties:
- Average size: 132,879 square feet.
- Largest property: Space Available (2,560,152 square feet).

Indianapolis, IN Commercial Space Listings

Commercial Space for Lease - Breakdown

The 640 listings for commercial real estate currently available for rent in Indianapolis add up to 44,209,455 square feet across various property types. Here's a breakdown of the available space by category:

Property Type	Count of Listings	Total Sq. Ft.
Office	292	7,191,608
Retail	134	16,458,805
Industrial	178	16,066,924
Other	36	4,492,118

Office properties:

The market has 292 active office listings, encompassing 7,191,608 square feet.
Indianapolis office spaces currently listed on CommercialCafe represent 45% of the total commercial real estate market in Indianapolis, compared to an average of 39% across all markets tracked by CommercialCafe.

Retail Space:

There are 134 retail listings available, adding up to a total of 16,458,805 square feet.
Retail spaces account for approximately 20% of the local commercial market, while the average share taken up by retail in all U.S. markets is 35%.

Industrial Space:

The industrial market in Indianapolis offers 178 listings, amounting to 16,066,924 available square feet.
Industrial spaces, including warehouses and manufacturing sites, make up about 27% of the total commercial space available in the market, compared to a nationwide average of 24%.

Commercial Space for Sale - Breakdown

There are currently 172 properties listed for sale in the Indianapolis market, adding up to 14,050,765 square feet of space available for purchase. Here is a breakdown of the commercial space for sale listed locally:

45 office properties
33 retail properties
31 industrial properties

Property Type	Count of Listings	Total Sq. Ft.
Office	45	1,691,169
Retail	33	10,220,076
Industrial	31	1,929,595
Other	63	209,925

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 Commercial Real Estate Overview

Indianapolis, IN Commercial Real Estate for Lease and Sale

7536 South Emerson Avenue

Strada

Emerson Way Shopping Center

Park 100 - Building 30 Availabilities

3838 N Illinois St

Frequently Asked Questions

Indianapolis, IN Commercial Space Listings

Commercial Space for Lease - Breakdown

Commercial Space for Sale - Breakdown

Indianapolis, IN Commercial Real Estate Market Overview

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