Greenwood Office Market Trends

Office Rental Market

  • $18.15 2019 Avg. Asking Rent
  • 9.91 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Greenwood was $18.15 per square foot, and the office vacancy rate across the market averaged 9.91 %. During 2019, developers added 0 square feet of new office space to the Greenwood market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Greenwood Class B Office Buildings$15.57
  • IN Class A Office Buildings$23.93
  • IN Class B Office Buildings$18.96
  • IN Class C Office Buildings$17.24

Greenwood, IN Office Asking Rents by Class

OFFICE CONSTRUCTION IN Greenwood, IN

  • Greenwood, IN Total Sqft completed in 2019 0
  • Greenwood, IN Total Sqft under construction in 2020 0
10 Largest Office Buildings in Greenwood
Building name Address Total Sqft Year built
Greenbrooke Medical Pavilion 701 East County Line Road, 46143 94,238 2007
Indiana American Office Park - Buildings 2, 3 & 4 533 East County Line Road, 46143 91,404 2001
Franciscan Health Stones Crossing 1703 West Stones Crossing Road, 46143 87,000 2018
South Park Business Center - Building 2 50 South Park Blvd, 46143 86,806 1990
Greenwood Commerce Center 65 Airport Pkwy, 46143 83,000 1990
OrthoIndy - South 1260 Innovation Pkwy, 46143 77,600 2010
South Park Business Center - Buildings 1 & 3 21 South Park Blvd, 46143 75,738 1989
Stones Crossing Health Pavilion 3000 South State Road 135, 46143 69,215 2013
1300 Windhorst Way 1300 Windhorst Way, 46143 68,386 1992
Polk Place 435 East Main Street, 46143 63,232 1980
Largest Office Properties Recently Completed in Greenwood
Office building Address Sqft Completed
Franciscan Health Stones Crossing 1703 West Stones Crossing Road, 46143 87,000 2018
Stones Crossing Health Pavilion 3000 South State Road 135, 46143 69,215 2013
OrthoIndy - South 1260 Innovation Pkwy, 46143 77,600 2010
333 East County Line Road 333 East County Line Road, 46143 30,640 2010
747 East County Line Road 747 East County Line Road, 46143 41,800 2009
771 Greenwood Springs Drive 771 Greenwood Springs Drive, 46143 32,640 2009
Emerson Parke 965 Emerson Pkwy, 46143 46,100 2008
The Signature Building 1530 American Way, 46143 45,584 2008
Greenwood Office Suites 3209 West Smith Valley Road, 46142 32,950 2008
Greenbrooke Medical Pavilion 701 East County Line Road, 46143 94,238 2007
Data provided by Commercial Edge

Office Spaces for Rent in Indiana

See trends for nearby markets

The Greenwood office market contains an inventory of 1,337,496 square feet of office space, in 30 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 Greenwood 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.