Mile Square (Downtown)'s tenant base is anchored by banking, insurance, professional services, law firms, government.

  • Tier: trophy.
  • Tenant character: Indianapolis's legacy trophy core.
  • Average rent: $32/sqft/yr.

Mile Square (Downtown), Indianapolis tenant profile

Mile Square (Downtown)'s tenant base is anchored by banking, insurance, professional services, law firms, government.

TL;DR

  • Tier: trophy.
  • Tenant character: Indianapolis's legacy trophy core.
  • Average rent: $32/sqft/yr.

Who clusters here

Banking, insurance, professional services, law firms, government.

What that means for newcomers

Newcomers to Mile Square (Downtown) should expect peer-tenant scrutiny: covenant strength, brand fit, and signage standards are watched closely. Lease-up product underwrites by anchor tenant; secondary tenants typically benefit from anchor halo.

Key facts

cityIndianapolis
submarketMile Square (Downtown)
tiertrophy
averageRentLocal$32/sqft/yr
cityClassARentUsd$26/sqft/yr
cityVacancyPct19.2%

Frequently asked questions

What kind of tenants lease in Mile Square (Downtown)?
Banking, insurance, professional services, law firms, government.

Related

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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