Real estate and infrastructure occupiers in Indianapolis typically cluster in Mile Square (Downtown), plan ~215 sqft per seat at high-end fit-out ($150–215/sqft), and pay around 26 USD/sqft ($26 USD) on Class A.

  • Preferred submarket: Mile Square (Downtown).
  • Typical fit-out spec: High-end ($150–215/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.

Real estate and infrastructure office space in Indianapolis

Real estate and infrastructure occupiers in Indianapolis typically cluster in Mile Square (Downtown), plan ~215 sqft per seat at high-end fit-out">fit-out ($150–215/sqft), and pay around 26 USD/sqft ($26 USD) on Class A.

TL;DR

  • Preferred submarket: Mile Square (Downtown).
  • Typical fit-out spec: High-end ($150–215/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

Real estate and infrastructure 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 real estate and infrastructure fit-out targets high-end specification at $150–215/sqft. Branded reception, full client-facing programming, premium furniture, and specialist AV are standard.

Headcount sizing

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

Talent angle

Sponsor and asset-management teams favor trophy CBD addresses with proximity to investment-banking and law-firm tenancy. 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

cityIndianapolis
industryReal estate and infrastructure
naics531, 237
preferredSubmarketMile Square (Downtown)
preferredFitoutSpecHigh-end
fitoutBand$150–215/sqft
sqftPerSeat215
classARentLocal26 USD/sqft/yr
classARentUsd$26/sqft/yr
vacancyPct19.2%
typicalLeaseYears10
typicalRentFreeMonths12
talentIndex70
corporateTaxPct25.7%

Frequently asked questions

Where do real estate and infrastructure 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 real estate and infrastructure occupiers run in Indianapolis?
Typically high-end at $150–215/sqft.
How much office space per seat should a real estate and infrastructure occupier plan in Indianapolis?
Plan ~215 sqft per seat blended. A 100-person team typically takes 21,500 sqft.
What NAICS codes describe the real estate and infrastructure vertical?
Representative NAICS 2022 codes: 531, 237.
What is the talent index in Indianapolis?
70/100. Use the city profile for full detail.

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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.

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