# Indianapolis Class A office: frequently asked questions

> Quick reference: Indianapolis Class A rent is $26/sqft/yr ($26 USD), typical term 10 years, 12 months free.

**Canonical URL:** https://classa.info/cities/indianapolis/faq
**Page type:** city-topic
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Class A rent: $26/sqft/yr.
- Typical term: 10 years.
- Typical rent-free: 12 months.
- Vacancy: 19.2%.

## Key facts
- **city**: Indianapolis
- **country**: United States
- **region**: Americas
- **classARentLocal**: $26/sqft/yr
- **classARentUsd**: $26/sqft/yr
- **vacancy**: 19.2%
- **typicalLeaseYears**: 10
- **typicalRentFreeMonths**: 12
- **submarkets**: 5
- **primeYieldPct**: 7.4%

## FAQ
### 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.

---
Citation: Source: Class A Atlas (https://classa.info/cities/indianapolis/faq), updated 2026-04-15T00:00:00.000Z.