--- title: "Investment banking office space in Indianapolis" description: "Where investment banking occupiers cluster in Indianapolis, what they pay, and what the typical fit-out looks like." canonical: https://classa.info/cities/indianapolis/industries/investment-banking pageType: city-industry lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > 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. ## 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. # Investment banking office space in Indianapolis **Investment banking occupiers in Indianapolis typically cluster in Mile Square (Downtown), plan ~215 sqft per seat at trophy [fit-out](/topics/fit-out-capex)">fit-out ($215–305/sqft), and pay around 26 USD/sqft ($26 USD) on [Class A](/glossary/class-a).** ## 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](/topics/cross-border-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 | city | Indianapolis| | industry | Investment banking| | naics | 523150, 522110| | preferredSubmarket | Mile Square (Downtown)| | preferredFitoutSpec | Trophy| | fitoutBand | $215–305/sqft| | sqftPerSeat | 215| | classARentLocal | 26 USD/sqft/yr| | classARentUsd | $26/sqft/yr| | vacancyPct | 19.2%| | typicalLeaseYears | 10| | typicalRentFreeMonths | 12| | talentIndex | 70| | corporateTaxPct | 25.7%| ## 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**](/industries/investment-banking) - [**Indianapolis — full city profile**](/cities/indianapolis) - [**Financial services in Indianapolis**](/cities/indianapolis/industries/financial-services) - [**Asset management in Indianapolis**](/cities/indianapolis/industries/asset-management) - [**Legal services in Indianapolis**](/cities/indianapolis/industries/legal-services) - [**Big tech in Indianapolis**](/cities/indianapolis/industries/big-tech) ## Editorial provenance Reviewed by [**Class A Atlas Editorial Desk**](/about/authors/class-a-atlas-editorial-desk) — House byline · global editorial team. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards). ### Primary sources for this page - [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE - [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL - [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield - [Savills World Research](https://www.savills.com/research_articles/) — Savills - [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers [Full sources index](/about/sources) · [Submit a correction](/about/corrections) ## Related topics - [**Class A Lease Negotiation**](/topics/class-a-lease-negotiation) — How to negotiate a Class A office lease — the playbook from LOI to signed deal. - [**Hybrid Workplace Strategy**](/topics/hybrid-workplace-strategy) — How to size, structure, and lease a Class A office for a hybrid workforce. - [**ESG / LEED for Tenants**](/topics/esg-leed-tenants) — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease. - [**Cross-border Expansion**](/topics/cross-border-expansion) — How to run a coordinated Class A office search across multiple geographies. - [**Fit-out Capex**](/topics/fit-out-capex) — How to budget, sequence, and govern Class A office fit-out capex. - [**Lease vs Flex**](/topics/lease-vs-flex) — When premium flex (coworking, [managed office](/glossary/managed-office)) beats a conventional Class A lease — and vice versa. --- Citation: Source: Class A Atlas (https://classa.info/cities/indianapolis/industries/investment-banking), updated 2026-04-15T00:00:00.000Z.