Fishers Office Market Trends

Office Rental Market

  • $20.93 2019 Avg. Asking Rent
  • 24.30 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 298,046 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Fishers was $20.93 per square foot, and the office vacancy rate across the market averaged 24.30 %. During 2019, developers added 0 square feet of new office space to the Fishers market inventory. Office developments estimated for delivery during 2020 total 298,046 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Fishers Class A Office Buildings$27.29
  • Fishers Class B Office Buildings$20.81
  • Fishers Class C Office Buildings$25.00
  • IN Class A Office Buildings$23.93
  • IN Class B Office Buildings$18.96
  • IN Class C Office Buildings$17.24

Fishers, IN Office Asking Rents by Class

Office asking rents vary across the Fishers office market depending on several factors, one of which is property class. While rents for Class A office buildings in Fishers averaged $27.29 per square foot in 2019, Class B office properties garnered average rental rates of $20.81 per square foot. Rental rates for Class C office property in Fishers averaged $25.00 per square foot. On a statewide level, Class B office space rents averaged $18.96 per square foot, while rents for Class A office space across Indiana averaged $23.93 per square foot. On average, Class C office properties in Indiana commanded rents of $17.24 per square foot.

OFFICE CONSTRUCTION IN Fishers, IN

  • Fishers, IN Total Sqft completed in 2019 0
  • Fishers, IN Total Sqft under construction in 2020 298,046
10 Largest Office Buildings in Fishers
Building name Address Total Sqft Year built
11100 USA Pkwy 11100 USA Pkwy, 46037 478,000 1990
Gateway One 10300 Kincaid Dr, 46038 193,000 1999
Gateway One 10300 Kincaid Drive, 46037 193,000 1999
11313 USA Pkwy 11313 USA Pkwy, 46037 157,123 1991
10500 Kincaid Drive 10500 Kincaid Drive, 46037 125,000 2002
Saxony Hospital Medical Office Building 13100 East 136th Street, 46037 123,212 2011
St. Vincent Fishers Medical Center 13914 Southeastern Pkwy, 46037 120,158 2008
Exit Five 4 11988 Exit 5 Pkwy, 46037 91,770 2000
Exit Five 3 11955 Exit 5 Pkwy, 46037 86,373 1997
Stanley Security Headquarters 8350 Sunlight Drive, 46037 80,000 2017
Largest Office Properties Recently Completed in Fishers
Office building Address Sqft Completed
MedTech Park 14300 East 138th Street, 46037 70,000 2020
The Ellipse 11 Municipal Drive, 46038 46,000 2020
8475 Nightfall Lane 8475 Nightfall Lane, 46037 40,000 2018
Stanley Security Headquarters 8350 Sunlight Drive, 46037 80,000 2017
8700 North Street 8700 North Street, 46038 44,815 2017
The Edge 8890 East 116th Street, 46038 61,000 2016
The Switch Building 8626 East 116th Street, 46038 35,283 2015
11787 Lantern Road 11787 Lantern Road, 46038 42,932 2014
Saxony Hospital Medical Office Building 13100 East 136th Street, 46037 123,212 2011
St. Vincent Fishers Medical Center 13914 Southeastern Pkwy, 46037 120,158 2008
Data provided by Commercial Edge

Office Spaces for Rent in Indiana

See trends for nearby markets

The Fishers office market contains an inventory of 2,620,972 square feet of office space, in 57 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Fishers commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.