Mile Square (Downtown) (trophy, ~$32/sqft/yr) is one of 5 Indianapolis Class A submarkets we track.

• Mile Square (Downtown) sits at trophy tier.
• Average rent $32/sqft/yr vs city average 26.
• Compared submarkets: Mass Ave / Bottleworks (prime), Carmel (trophy), Fishers (prime).

TL;DR

• Mile Square (Downtown) sits at trophy tier.
• Average rent $32/sqft/yr vs city average 26.
• Compared submarkets: Mass Ave / Bottleworks (prime), Carmel (trophy), Fishers (prime).

Side-by-side with peers

**Mass Ave / Bottleworks** (prime, $30/sqft/yr) — Repositioned creative-class submarket. **Carmel** (trophy, $30/sqft/yr) — Premier suburban post-2018 Class A frontier. **Fishers** (prime, $28/sqft/yr) — Tech-tilted suburban submarket. **Keystone Crossing** (established, $26/sqft/yr) — Suburban Class A spine.

Key facts

Frequently asked questions

What other submarkets compete with Mile Square (Downtown) in Indianapolis?

Mass Ave / Bottleworks, Carmel, Fishers

Related

• Mile Square (Downtown) — submarket overview
• Indianapolis — full city profile
• Indianapolis submarkets — all
• Mile Square (Downtown) — Rents
• Mile Square (Downtown) — Tenants
• Mile Square (Downtown) — Transit
• Mile Square (Downtown) — Amenity

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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