# Indianapolis Class A submarkets

> Indianapolis has 5 distinct Class A submarkets we track, anchored by Mile Square (Downtown) at the trophy tier.

**Canonical URL:** https://classa.info/cities/indianapolis/neighborhoods-overview
**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
- 5 submarkets covered.
- Trophy tier: Mile Square (Downtown), Carmel.
- Prime tier: Mass Ave / Bottleworks, Fishers.
- Established/emerging tier: Keystone Crossing.

## 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%
- **trophyCount**: 2
- **primeCount**: 2

## FAQ
### How many Class A submarkets are in Indianapolis?
5, ranging from trophy (Mile Square (Downtown)) down to established and emerging clusters.

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