Investment banking occupiers in Indianapolis typically cluster in Mile Square (Downtown), plan ~215 sqft per seat at trophy fit-out ($215–305/sqft), and pay around 26 USD/sqft ($26 USD) on Class A.

• Preferred submarket: Mile Square (Downtown).
• Typical fit-out spec: Trophy ($215–305/sqft).
• Plan ~215 sqft per seat for headcount sizing.
• Class A rent context: 26 USD/sqft ($26 USD).
• Typical lease: 10 years with 12 months rent-free.
• Talent depth in Indianapolis: 70/100.

TL;DR

• Preferred submarket: Mile Square (Downtown).
• Typical fit-out spec: Trophy ($215–305/sqft).
• Plan ~215 sqft per seat for headcount sizing.
• Class A rent context: 26 USD/sqft ($26 USD).
• Typical lease: 10 years with 12 months rent-free.
• Talent depth in Indianapolis: 70/100.

Where they cluster

Investment banking occupiers in Indianapolis typically anchor in Mile Square (Downtown). Banking, insurance, professional services, law firms, government.

What they pay

Class A rent in Indianapolis runs 26 USD/sqft ($26 USD) on a 10-year lease with 12 months free. Trophy submarkets command a 20–40% premium above the city index.

Spec and fit-out

Typical investment banking fit-out targets trophy specification at $215–305/sqft. Bespoke design, signature feature, top-tier MEP and acoustic packages are standard.

Headcount sizing

Plan around 215 sqft per seat blended (workstation + circulation + amenity). A 100-headcount banking office in Indianapolis typically targets 21,500 sqft of leasable area.

Talent angle

Bulge-bracket teams favor signature trophy assets with full client-facing programming and large floor plates. Strong pharma, healthcare, insurance, and motorsports talent. Purdue, IU, and Butler anchor the regional pipeline. Pharma talent is anchored by Eli Lilly's global HQ and continuous biotech expansion.

Tax and lease context

Headline corporate tax: 25.7%. Modified-gross structures. 10-year terms standard. Free rent of 10-14 months and TI of $70-$100/sqft typical on a 10-year Class A deal.

Key facts

Frequently asked questions

Where do investment banking occupiers lease office space in Indianapolis?

Most cluster in Mile Square (Downtown). Rent runs ~26 USD/sqft ($26 USD) for trophy and prime stock.

What fit-out spec do investment banking occupiers run in Indianapolis?

Typically trophy at $215–305/sqft.

How much office space per seat should a investment banking occupier plan in Indianapolis?

Plan ~215 sqft per seat blended. A 100-person team typically takes 21,500 sqft.

What NAICS codes describe the investment banking vertical?

Representative NAICS 2022 codes: 523150, 522110.

What is the talent index in Indianapolis?

70/100. Use the city profile for full detail.

Related

• Investment banking — global overview
• Indianapolis — full city profile
• Financial services in Indianapolis
• Asset management in Indianapolis
• Legal services in Indianapolis
• Big tech in Indianapolis

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

• CBRE Marketview reports — CBRE
• JLL Office Insight — JLL
• Cushman & Wakefield Marketbeat — Cushman & Wakefield
• Savills World Research — Savills
• Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction

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