{
  "url": "https://classa.info/cities/indianapolis",
  "title": "Indianapolis Class A Office Market",
  "description": "Pharma and amateur-sports HQ capital with a deep Mile Square Class A core.",
  "oneSentenceAnswer": "Indianapolis Class A office rents around $26/sqft/yr, with 19.2% vacancy and 12 months of typical rent-free on a 10-year term.",
  "tldr": [
    "Eli Lilly's global HQ and Lilly Technology Center anchor structural pharma demand.",
    "Mile Square Downtown is the legacy trophy core — Salesforce Tower, Chase Tower, OneAmerica Tower.",
    "Carmel anchors the suburban post-2018 mid-rise Class A frontier.",
    "Indiana's 4.9% corporate income tax is among the lowest in the Midwest."
  ],
  "keyFacts": {
    "city": "Indianapolis",
    "country": "United States",
    "region": "Americas",
    "classARentLocal": "$26/sqft/yr",
    "classARentUsd": "$26/sqft/yr",
    "vacancyPct": "19.2%",
    "typicalLeaseYears": 10,
    "typicalRentFreeMonths": 12,
    "submarkets": 5,
    "corporateTaxPct": "25.7%",
    "talentIndex": 70
  },
  "faqs": [
    {
      "question": "What is Eli Lilly's role in the market?",
      "answer": "Material. Lilly's $9bn+ Indianapolis investment program and Lilly Technology Center expansion anchor the city's pharma and biotech absorption pipeline through 2030."
    },
    {
      "question": "How is the Mile Square performing?",
      "answer": "The Mile Square holds the legacy Class A trophy tier — Salesforce Tower, Chase Tower, OneAmerica Tower. Vacancy is moderate; trophy product clears tightly."
    },
    {
      "question": "What is Carmel's role?",
      "answer": "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."
    }
  ],
  "pageType": "city",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/indianapolis), updated 2026-04-15T00:00:00.000Z."
}