Quick reference: Indianapolis Class A rent is 26 USD/sqft ($26 USD), typical term 10 years, 12 months free.
Class A rent: 26 USD/sqft/yr ($26 USD).
Typical term: 10 years.
Typical rent-free: 12 months.
Vacancy: 19.2%.
Indianapolis Class A office: frequently asked questions
Quick reference: Indianapolis Class A rent is 26 USD/sqft ($26 USD), typical term 10 years, 12 months free.
TL;DR
Class A rent: 26 USD/sqft/yr ($26 USD).
Typical term: 10 years.
Typical rent-free: 12 months.
Vacancy: 19.2%.
Quick reference
Use this page as the fast-answer reference for Indianapolis. Deep coverage lives on the city page, the topic pages, and the comparison views.
Key facts
city
Indianapolis
country
United States
region
Americas
classARentLocal
26 USD/sqft/yr
classARentUsd
$26/sqft/yr
vacancy
19.2%
typicalLeaseYears
10
typicalRentFreeMonths
12
submarkets
5
primeYieldPct
7.4%
Frequently asked questions
What is Eli Lilly's role in the market?
Material. Lilly's $9bn+ Indianapolis investment program and Lilly Technology Center expansion anchor the city's pharma and biotech absorption pipeline through 2030.
How is the Mile Square performing?
The Mile Square holds the legacy Class A trophy tier — Salesforce Tower, Chase Tower, OneAmerica Tower. Vacancy is moderate; trophy product clears tightly.
What is Carmel's role?
Carmel — north of Indianapolis in Hamilton County — anchors the metro's principal suburban post-2018 mid-rise Class A frontier with deep insurance, healthcare, and professional services tenancy.