Carmel, IN Office Spaces for Rent

Find your best Carmel, IN office space among 117 for rent listings, which average an asking price of $27.87 per square foot.

Office Market FAQs

10Square - 9640 Commerce Drive

9640 Commerce Drive, Carmel, IN
Space Type

Private Offices
For Lease

From $600/month
Space for 1 to 6 people
View Details (opens in new window)
Office space available in Fidelity Plaza Tower II

11350 N Meridian St, Spring Mill Place, Carmel, IN
Space Type

Office
For Lease Contact for pricing

1 space available / 8,116 SF
View Details (opens in new window)
Plaza West

4700 NW Plaza West Dr, West Carmel Center, Zionsville, IN
Space Type

Office
For Lease

$12.32/SF/YR
1 space available / 925 SF
View Details (opens in new window)

Frequently Asked Questions

In Carmel, office spaces range from smaller units to larger options. On average, office spaces in this area tend to be about 6,703 square feet. However, the largest listings can go up to 39,305 square feet for an individual listing. This can give you a good starting point to compare with your needs.
In Carmel, you have several options when it comes to leasing office space. To better understand what to look for, check out our definitive guide to finding office space for your small business or startup. Here is an overview of the most common types currently available:
- Most Common Office Type
  The most frequent subtype available for lease is General Office, which makes up 70.94% of all listings in the city.
- Second-Most Common Office Type
  The second-most common office space type listed here is Medical Office, accounting for 13.68% of available listings.
- Third-Most Common Office Type
  Up next, Shared Space also makes up a significant portion of listings, offering additional options for those seeking alternative spaces.
- Rarest Office Type
  Up next, R&D - Office also makes up a significant portion of listings, offering additional options for those seeking alternative spaces.
You can find a total of 117 listings for lease in Carmel, which add up to a total of 784,251 square feet.
Generally, buildings completed since the year 2000 offer modern amenities, decor and services. This also applies to buildings that have been renovated within the same timeframe. Buildings completed in or after the year 2000 account for 33.33% of office properties in this city and incorporate a total of 917,753 square feet. Additionally, about 4.76% of office space in Carmel is in buildings that have been renovated at least once since 2000.

Carmel, IN Office Space for Rent

Office inventory

According to our listing data, Carmel's office market contains 8.3M square feet of space as of 2026.

Carmel Office Market Breakdown by Building Size
Building Size Range	Total Square Feet
50k to 100k Sq. Ft.	2.3M Sq. Ft.
100k to 500k Sq. Ft.	4.6M Sq. Ft.

Data was provided by Yardi Research Data, refers to properties larger than 50,000 square feet.

Properties sized 100k to 500k Sq. Ft. make up most of the local office inventory, amounting to 4.6M square feet.

Average Rent for Office Spaces

The average rent for office space in Carmel is $25 per square foot. However, you can find rental rates as low as $17 per square foot here, depending on what compromises you are willing to make. If you are looking for office space priced at a certain value, you can use the filters at the top of the page to look for properties within your optimal range.

The maximum rental rate is $32 per square foot among local listings currently available for lease.

For our detailed analysis of the latest rent and sale prices in Carmel, as well as overall market quality and new construction data, see Carmel Office Market Trends.

Office Spaces Classes

The office space market in Carmel incorporates a mix of properties of various ages, ratings, construction grades, and other quality indicators. 35.96% of total office listings in this city are in properties rated Class A. Class B accounts for 58% of traditional work spaces listed on the leasing market. Class C makes up 6.03% of such listings in Carmel. This data is current as of 2026.

Carmel Office Market Breakdown by Building Class
Class	Total Square Feet	Share of Total Office
A	3M	35.96%
B	4.8M	58%
C	503.6K	6.03%

Data was provided by Yardi Research Data, refers to properties larger than 50,000 square feet.

The most common factor that influences the cost of renting space for your business in any location is the property class rating. For example, Carmel office space rated Class A asks an average of $24.69 per square foot. Class B space in Carmel costs $27.32 per square foot, on average.

Top Neighborhoods for Office Space

Location is everything when it comes to office spaces. Tenants place great value on well positioned properties in amenity-rich areas, potentially boosting office attendance.

In Carmel, the greatest concentration of lease opportunities is in Meridian, Northern Heights and Spring Mill Place.

Office Classes in Carmel, Indiana Neighborhoods

Meridian

Northern Heights

Village of Westclay

Class A+/A
Class B
Class C

The Meridian neighborhood contains the most Class A office space, attracting premium tenants and corporate headquarters. Meanwhile, the neighborhood with the most Class B space is Meridian, offering quality space at affordable rates.

Carmel, IN Green Office Space

4% of office space here is eco-friendly, which amounts to 306.6K square feet.

Carmel Office Market Breakdown by Green Certification
Total Square Feet	Total Green Square Feet	Green Share of Total
7.5M	306.6K	4%

Numbers based on Yardi Research Data, only refers to properties larger than 25,000 square feet.

Carmel, IN Office Spaces for Rent

10Square - 9640 Commerce Drive

Office space available in Fidelity Plaza Tower II

Plaza West