786 Spaces in 393 Buildings Available Now In Indianapolis

Market Overview

The capital of Indiana, Indianapolis, is the twelfth largest and one of the fastest developing cities in the nation. With a huge tourism draw for annual events like the Indianapolis 500, Indy Jazz Fest and the NCAA National Basketball Tournament, Indianapolis has a booming retail market.

The Indianapolis International Airport is home to the second largest FedEx operation worldwide and is served by ten major airlines. Public transit is available via IndyGo buses and a plan is in the works to develop light rail, commuter rail and express bus services.

Indianapolis is more than just a visitor destination, the cost of living is 8.5% below the national average and the median home price was just over $122k last year. Both the city’s economy and people are diverse; education, health care, finance and insurance are major economic contributors in addition to retail trade.
Indianapolis is no stranger to big business; the NCAA, USA Gymnastics, USA Track & Field, Eli Lilly, Wellpoint, Finish Line and many more are headquartered in the city. Companies like Rolls-Royce, CVS, Amazon and General Motors also continue to move into the area.

As Indianapolis grows, more opportunities for businesses to start up or expand in the area arise. With that being said, retail vacancy rates are at 7%, their lowest point since the onset of the recession. While retail vacancies decrease, the cost in moving upwards currently averages $11.82/ sq. ft. The commercial real estate market has consistently hovered around 19.9% vacancy and averages $16.88/ sq. ft.

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