Carmel, IN Commercial Real Estate for Lease - 70 Listings

701 Congressional Blvd

701 Congressional Blvd, Meridian, Carmel, IN
Property

Office

107,912 SF
Availability

5 Spaces

38,994 SF
Year Built

1987
For Lease Contact for pricing
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Central Carmel
KGDB Enterprise II LLC
716 Adams Street, Carmel, IN
Services

Meeting Room

Private Office
Amenities

Catering

Complimentary coffee & tea

High-speed wifi

Parking

Receptionist/Secretarial services
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Monon and Main

211 W. Main St. , Carmel City Center, Carmel, IN
Property

Office

34,406 SF
Availability

1 Space

9,464 SF
Year Built

2018
For Lease Contact for pricing
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City Center at Penn

1320 City Center Dr, Carmel Science and Technology Park, Carmel, IN
Property

Office

142,000 SF
Availability

1 Space

3,832 SF
Year Built

2007
For Lease

$24.50/SF/YR
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Two Penn Mark Plaza

11555 N Meridian St, Northern Heights, Carmel, IN
Property

Office

94,508 SF
Availability

1 Space

3,188 SF
Year Built

1985
For Lease

$23.00/SF/YR
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988 3rd Ave SW

988 3rd Ave SW, Carmel City Center, Carmel, IN
Property

Industrial

68,256 SF
Availability

2 Spaces

5,775 SF
Year Built

1974
For Lease

$12.00/SF/YR
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Hamilton Crossing IV

12900 North Meridian Street, Meridian, Carmel, IN
Property

Office

84,122 SF
Availability

3 Spaces

20,106 SF
Year Built

1999
For Lease Contact for pricing
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New Office Development — Downtown Carmel

1118 S Rangeline Rd, Carmel City Center, Carmel, IN
Property

Office
Availability

1 Space

45,135 SF
For Lease Contact for pricing
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One Penn Mark Plaza

11595 N Meridian St, Northern Heights, Carmel, IN
Property

Office

153,259 SF
Availability

7 Spaces

39,143 SF
Year Built

1986
For Lease Contact for pricing
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580 E. Carmel Drive

580 E. Carmel Drive, Hunters Glen, Carmel, IN
Property

Office

32,000 SF
Availability

2 Spaces

1,399 SF
For Lease Contact for pricing
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Auburn Woods

9640-9650 Commerce Dr., North Augusta, Carmel, IN
Property

Office

55,708 SF
Availability

6 Spaces

10,549 SF
For Lease

$8.00 - $14.50/SF/YR
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Lakeside Corporate Centre

630 West Carmel Drive, Carmel Science and Technology Park, Carmel, IN
Property

Office

85,703 SF
Availability

2 Spaces

8,139 SF
Year Built

1999
For Lease Contact for pricing
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St. Vincent Carmel Women's Center

13420 North Meridian Street, North Meridian Heights, Carmel, IN
Property

Office

85,847 SF
Availability

2 Spaces

4,866 SF
Year Built

2014
For Lease

$23.00/SF/YR
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706 Pro-Med Lane

706 Pro-Med Ln, Meadowlark Park, Carmel, IN
Property

Office
Availability

1 Space

1,207 SF
For Lease Contact for pricing
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Carmel Physicians Surgery Center

13421 Old Meridian Street, Wildwood Estates, Carmel, IN
Property

Office

50,726 SF
Availability

1 Space

3,273 SF
Year Built

2003
For Lease

$26.00/SF/YR
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Coastal Corporate Center - Space available within a four-building office complex totaling ± 34,000 SF

10385 - 10435 Commerce Drive Carmel , Ashbrook, Carmel, IN
Property

Office
Availability

1 Space

8,328 SF
For Lease Contact for pricing
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Carmel Professional Center

277 E. Carmel Dr., Hunters Glen, Carmel, IN
Property

Office

8,700 SF
Availability

1 Space

2,000 SF
For Lease

$20.00/SF/YR
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Meridian Park Place One & Two

12220 North Meridian Street, Meridian, Carmel, IN
Property

Office

70,000 SF
Availability

2 Spaces

4,532 SF
Year Built

1988
For Lease Contact for pricing
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Carmel Tech Center Building 3

12202-12292 Hancock St, Carmel Science and Technology Park, Carmel, IN
Property

Industrial
Availability

1 Space

11,650 SF
For Lease Contact for pricing
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Hamilton Crossing VI

13085 Hamilton Crossing Blvd, Meridian, Carmel, IN
Property

Office

180,000 SF
Availability

4 Spaces

91,340 SF
Year Built

2003
For Lease Contact for pricing
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Carmel Office Evolution
Office Evolution
550 Congressional Boulevard Suite 350, Carmel, IN
Services

Virtual Office

Open Workspace
Amenities

Complimentary coffee & tea

Free water

High-speed wifi

Notary/Legal services

Parking

Printer

White boards
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650 E Carmel Dr

650 E Carmel Dr, Hunters Glen, Carmel, IN
Property

Office

48,000 SF
Availability

2 Spaces

3,199 SF
For Lease

$21.50/SF/YR
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Executive Office
KGDB Enterprise II LLC
716 Adams Street, Carmel, IN
Services

Meeting Room

Private Office
Amenities

Catering

Complimentary coffee & tea

High-speed wifi

Parking

Receptionist/Secretarial services
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Meridian Crossing

11590 North Meridian Street, Spring Mill Place, Carmel, IN
Property

Office

157,182 SF
Availability

5 Spaces

90,884 SF
Year Built

1981
For Lease Contact for pricing
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12750 Horseferry Rd

12750 Horseferry Rd, Village of Westclay, Carmel, IN
Property

Office

3,300 SF
Availability

1 Space

1,562 SF
Year Built

2004
For Lease Contact for pricing
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12697 Pennsylvania St

12697 Pennsylvania St, R A Franke, Carmel, IN
Property

Retail

7,840 SF
Availability

1 Space

3,015 SF
Year Built

2014
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 Carmel commercial real estate market incorporates 2,700,360 square feet of office space across 52 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 Carmel, the coworking segment of the commercial real estate market incorporates about 108 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 Carmel commercial real estate market includes 424,340 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 Carmel market, there is a total of 68,256 square feet of industrial property.

The listing inventory in Carmel 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 Carmel is represented by Office space, which accounts for 732,967 square feet of available listings. Retail space available in Carmel adds up to 79,422 square feet.

Meanwhile, most of the listings of commercial property for sale in Carmel 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 Carmel is $24.21 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 Carmel 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.

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 Carmel, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Carmel is in the Meridian neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Meridian area.

Meanwhile, retail space opportunities are most abundant in the Hunters Glen submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Carmel City Center.

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 $30 per square foot. In particular, the property type commanding the highest lease rates in Carmel was Office space.

Conversely, the highest sale price last year was $17,754,440 that is located at 571 Monon Blvd.

The average size of a commercial property in Carmel 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 Carmel, the average size of an office property is 64,295 square feet.
Retail properties here incorporate an average of 60,620 square feet.
Industrial space in Carmel is in buildings that are, on average 68,256 square feet in size.

Carmel, IN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Carmel currently add up to 818,621 square feet. The market offers 42 active office listing(s), which amount to 710,578 square feet and account for 79% of commercial spaces on the market. Local retail availability includes 78,331 square feet across 7 retail space(s). Industrial space for rent opportunities in Carmel amount to 29,712 square feet across a total of 4 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	42	710,578
Retail	7	78,331
Industrial	4	29,712

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 Carmel, IN. Currently, there is 751,436 square feet of commercial property for sale here , which includes 7 office building(s) for sale .

Property Type	Count of Listings	Total SF
Office	7	725,408
Other	1	26,028

Carmel, IN Commercial Real Estate for Lease - 70 Listings

701 Congressional Blvd

Central Carmel

Monon and Main

City Center at Penn

Two Penn Mark Plaza

988 3rd Ave SW

Hamilton Crossing IV

New Office Development — Downtown Carmel

One Penn Mark Plaza

580 E. Carmel Drive

Auburn Woods

Lakeside Corporate Centre

St. Vincent Carmel Women's Center

706 Pro-Med Lane

Carmel Physicians Surgery Center

Coastal Corporate Center - Space available within a four-building office complex totaling ± 34,000 SF

Carmel Professional Center

Meridian Park Place One & Two

Carmel Tech Center Building 3

Hamilton Crossing VI

Carmel Office Evolution

650 E Carmel Dr

Executive Office

Meridian Crossing

12750 Horseferry Rd

12697 Pennsylvania St

Frequently Asked Questions

Carmel, IN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Carmel, IN Commercial Real Estate for Lease - 70 Listings

Frequently Asked Questions

What are the different types of commercial real estate?

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

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

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

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

Carmel, IN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us