Indianapolis, IN Office Space for Rent

Search 931 office listings in Indianapolis, IN and find helpful local stats in the Market Overview section below.

5060 E 62nd St.

5060 East 62nd Street, Allisonville, Indianapolis, IN
Property

Office

35,941 SF
Availability

2 Spaces

7,030 SF
For Lease

$14.00/SF/MO
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Three Meridian Plaza

10333 N Meridian St, Northridge, Indianapolis, IN
Property

Office

124,390 SF
Availability

4 Spaces

42,407 SF
Year Built

1986
For Lease Contact for pricing
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Lake Pointe Center V

8415 Allison Pointe Blvd, Castleton, Indianapolis, IN
Property

Office

150,000 SF
Availability

7 Spaces

75,217 SF
Year Built

2008
For Lease Contact for pricing
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Endcap with Drive Thru Potential

10863 E. Washington Street, Creekside Woods, Indianapolis, IN
Property

Retail

25,000 SF
Availability

1 Space

4,824 SF
For Lease Contact for pricing
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Naab Road Medical Center - 8220 & 8260 Naab Road

8220 Naab Road, Westchester Estates, Indianapolis, IN
Property

Office

56,173 SF
Availability

2 Spaces

13,262 SF
Year Built

1978
For Lease

$23.00/SF/YR
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2902 North Meridian Street

2902 North Meridian Street, United Northwest, Indianapolis, IN
Property

Office

6,828 SF
Availability

1 Space

6,828 SF
Year Built

1911
For Lease

$17.50/SF/YR
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Three Parkwood Crossing

450 East 96th Street, College Commons, Indianapolis, IN
Property

Office

123,464 SF
Availability

1 Space

7,046 SF
Year Built

1997
For Lease Contact for pricing
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OneAmerica Tower

1 American Sq, North Meridian, Indianapolis, IN
Property

Office

691,769 SF
Availability

6 Spaces

91,990 SF
Year Built

1982
For Lease

$28.00 - $30.00/SF/YR
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9245 N Meridian Street

9245 N Meridian Street, College Commons, Indianapolis, IN
Property

Office

60,433 SF
Availability

6 Spaces

28,467 SF
Year Built

1979
For Lease

$19.00/SF/YR
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Meridian North - 9333 North Meridian Street

9333 North Meridian Street, College Commons, Indianapolis, IN
Property

Office

55,000 SF
Availability

1 Space

3,487 SF
Year Built

1978
For Lease Contact for pricing
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Large, contiguous space available

2855 N Franklin Rd, Eastwood, Indianapolis, IN
Property

Office
Availability

2 Spaces

52,209 SF
Year Built

1962
For Lease Contact for pricing
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Mass Ave Cultural District - Creative, Energizing & Entertaining

342 Massachusetts Ave, Chatham Arch and Mass Avenue, Indianapolis, IN
Property

Office
Availability

1 Space

17,622 SF
For Lease Contact for pricing
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10610 North Park Avenue

10610 North Park Avenue, College Heights, Carmel, IN
Property

Office

1,935 SF
Availability

1 Space

1,534 SF
Year Built

1935
For Lease

$20.00/SF/YR
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One Park Fletcher

2601 Fortune Circle Drive East, Park Fletcher, Indianapolis, IN
Property

Office

96,155 SF
Availability

10 Spaces

49,404 SF
Year Built

1981
For Lease Contact for pricing
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± 8,130 SF Office Building Available

619 N Pennsylvania Street, St. Joseph, Indianapolis, IN
Property

Office
Availability

1 Space

8,130 SF
For Lease Contact for pricing
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Bottleworks | Buildings 9-12

835 N College Ave, Chatham Arch and Mass Avenue, Indianapolis, IN
Property

Office
Availability

1 Space

15,440 SF
For Lease Contact for pricing
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130 East Washington

130 East Washington Street, North Meridian, Indianapolis, IN
Property

Office

203,250 SF
Availability

2 Spaces

34,802 SF
Year Built

1922
For Lease Contact for pricing
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PNC Center

101 West Washington Street, Wholesale District, Indianapolis, IN
Property

Office

636,550 SF
Availability

18 Spaces

130,500 SF
Year Built

1976
For Lease Contact for pricing
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Keystone Office Park - 3021, 3077, 3091 & 3105 Buildings

3077 East 98th Street, Keystone at The Crossing, Indianapolis, IN
Property

Office

123,969 SF
Availability

6 Spaces

8,836 SF
Year Built

1984
For Lease Contact for pricing
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Century Building

36 South Pennsylvania Street, Wholesale District, Indianapolis, IN
Property

Office

153,849 SF
Availability

2 Spaces

44,128 SF
Year Built

1984
For Lease Contact for pricing
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Office Space Rents in Indianapolis, IN

Asking prices for office space in Indianapolis vary and are generally influenced by such factors as the property location, the building quality rating, and the proximity to amenities like restaurants, cafes, and entertainment venues, as well as how convenient access is to and from public transport, airports, and thoroughfares.

Most commonly, the cost in any location will first be influenced by the property class rating, which can be A, B, or C. For example, Indianapolis space rated Class A averages $26.36 per square foot. Meanwhile, Class B space in Indianapolis asks $18.99 per square foot, on average. At the same time, listings in Class C buildings are listed for an average of $17.89 per square foot.

Overall, the average rent for office space in Indianapolis is $20.84 per square foot. The maximum rental rate among listings for lease in Indianapolis is $35 per square foot. Meanwhile, the minimum rental rate in Indianapolis is $3.75 per square foot.

Average Office Rents by Property Class in Indianapolis vs Indiana

Indianapolis Class A & A+ Office Space

$26.36

Indiana Class A & A+ Office Space

$24.47

Indianapolis Class B Office Space

$18.99

Indiana Class B Office Space

$18.61

Indianapolis Class C Office Space

$17.89

Indiana Class C Office Space

$19.83

Top Locations to Rent Office Space in Indianapolis, IN

There is no one-size-fits-all answer as to what the best office space for rent location is in Indianapolis. The best neighborhood or submarket match for you will depend on what are the most relevant factors to your business and your employees. You will most likely need to consider what works best for the type of business you need space for, the size of your company, the employee demographics, and of course the company budget.

However, a good starting point for finding your best options is to look at the areas where there is a high concentration of office property listings. These areas are typically well-connected to a range of access routes and are also home to a variety of amenities that serve the convenience of both workers and visitors. In Indianapolis, the greatest concentration of office for rent opportunities is in Downtown.

For your consideration, the average rent for office space in Downtown is $23.79 per square foot, but you should expect some price variation across the market, depending on factors like location and property class. For example, the asking rents in Downtown average $27.54 for class A space, but is $19.58, on average, for class B listings, and $27.54 for class C.

Best Areas to Rent Office Space in Indianapolis

Submarket No. of Listings Avg. Asking Rent Class A&A+ Rent Class B Rent Class C Rent Vacancy Rate

Downtown 84 $23.79 $27.54 $19.58 $27.54 19.59%

Castleton 50 $19.11 $19.13 28.46%

Fishers 39 $24.2 $24.2 21.56%

Keystone 34 $24.4 $25.16 $20.5 $25.16 28.58%

East 33 $25.57 $25.57 2.01%

Key Factors to Consider when Choosing an Office Space for Rent in Indianapolis, IN

The quality of an office property can be judged based on subjective factors such as the prospective tenant’s preferred architecture style, the overall design of the surrounding area, as well as the amount and/or diversity of amenities available within a convenient distance.

Some quality factors, however, are considered to be mostly objective, and have been somewhat standardized as top things to consider when looking for a specific quality of space for your business. These include construction grade and building quality ratings, sustainability certifications, the total age or the property, as well as any renovation work that was done.

A local breakdown by property class shows that about 35.65% of total office space listings in Indianapolis are in properties rated class A. Class B space makes up 55.4% of total space available in Indianapolis. Class C space listed for rent locally accounts for 8.95% of total opportunities on the local leasing market.

If considering quality space by property age, the Indianapolis market is also a mixed bag in this respect. About 77.78% of local office properties were completed before the year 2000. Office space delivered in and since the year 2000 makes up 22.22% of the local market and adds up to a total of 3,677,566 square feet.

However, a certain age of completion of the original structure does not necessarily mean that a property is too old. Older properties are often considered to have excellent bones and are good subjects for adaptive reuse redevelopment or extensive renovation to modernize the interior space. With that in mind, you should consider that roughly 7.54% of all office properties here are buildings that have been renovated at least once since 2000.

Indianapolis, IN Office Space for Lease by Building Class

Class A
Class B
Class C

Indianapolis, IN Office Property By Year Built

3

Before 1900

27

1900 - 1925

21

1925 - 1950

54

1950 - 1975

274

1975 - 2000

111

After 2000

Modern quality standards also take into account the property’s sustainability minded design, which is largely standardized by certification processes such as the LEED program. In Indianapolis, you can find 37 listings for rent that are in LEED-certified or LEED-proposed properties. The local market is home to 7 LEED-certified office building(s). Certification can range from basic LEED requirements to Platinum, which is the highest achievable level of certification awarded by the U.S. Green Building Council.

Number of Buildings by Leed certification in Indianapolis, IN

7

TOTAL

4

Silver

2

Gold

1

LEED

Size by Leed certification in Indianapolis, IN

TOTAL

1,603,652

Gold

964,457

Silver

498,964

LEED

140,231

Finding Office Space for Rent in Indianapolis, IN Near You

If you have a certain point of interest in mind for renting an office in Indianapolis, it’s easy to navigate local leasing opportunities around it. Using our interactive search map, you can zoom in to your preferred location and then customize your search area around that specific point of interest by selecting “Radius” from the Search Mode options menu. Establish the center of your desired search area with one click on the map, and then expand the radius as much as you need to. Browse the resulting list of available office spaces for rent to find the best match for your location and other business needs.

Data was provided by CommercialEdge and refers to office properties at least 25,000 square feet in size. Prices shown reflect the average rate per square foot.

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Recent Office Market News

Eli Lilly Launches $4.5B R&D, Manufacturing Center

The groundbreaking project will boost the company’s investment in this innovation hub to $13 billion.

NexCore Group Plans $60M Life Science Project

Cushman & Wakefield is leasing the new development within the 16 Tech Innovation District in Indianapolis.

Colliers Arranges Suburban Indianapolis Office Sale

Vice President Alex Cantu and Director Alex Davenport negotiated on behalf of the seller, Ambrose Property Group.

Lexington Realty Trust Sells Indianapolis Office Building

The transaction marks the first time the 138,636-square foot Crosspoint Plaza One has changed hands since 2005.

CBIZ Signs Indianapolis Office Lease

Rubenstein Partners and SCP plan to invest $20 million in improvements at the PARC, a full-service tenant amenity center opened in 2018.

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