--- title: "Mile Square (Downtown), Indianapolis — Class A submarket" description: "Indianapolis's legacy trophy core." canonical: https://classa.info/cities/indianapolis/mile-square pageType: neighborhood lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > Mile Square (Downtown) is a trophy-tier Class A submarket of Indianapolis with average asking rent around $32/sqft/yr. ## TL;DR - Indianapolis's legacy trophy core. - Trophy tier — ~$32/sqft/yr. - Active Class A leasing market with deal flow across major broker desks. # Mile Square (Downtown), Indianapolis — Class A submarket *Indianapolis's legacy trophy core.* · Tier: trophy · Avg rent: $32/sqft/yr ## TL;DR - Indianapolis's legacy trophy core. - [Trophy tier](/topics/trophy-asset-selection) — ~$32/sqft/yr. - Active [Class A](/glossary/class-a) leasing market with deal flow across major broker desks. ## Overview The Mile Square — the original 1821 Indianapolis grid — anchors the city's deepest legacy Class A market. Salesforce Tower, Chase Tower, and OneAmerica Tower define the trophy tier. ## Tenant profile Banking, insurance, professional services, law firms, government. ## Typical specification 15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common. ## Transit Red Line BRT, IndyGo bus. Multi-modal transit captures the metro's principal professional catchment. ## Amenities Monument Circle, Indiana Repertory Theatre, Circle Centre Mall. ## Comparable buildings - **Salesforce Tower** [](https://www.google.com/maps/search/?api=1&query=Salesforce%20Tower%2C%20Mile%20Square%20(Downtown)%2C%20Indianapolis%2C%20United%20States%2C%20Mile%20Square%20(Downtown)%2C%20Indianapolis%2C%20United%20States&query_place_id=ChIJ1ezZjr5Qa4gRYwVRyrWxvbE) - **Chase Tower** [](https://www.google.com/maps/search/?api=1&query=Chase%20Tower%2C%20Mile%20Square%20(Downtown)%2C%20Indianapolis%2C%20United%20States%2C%20Mile%20Square%20(Downtown)%2C%20Indianapolis%2C%20United%20States&query_place_id=ChIJaY3AY75Qa4gR0ABO_2h9Uc0) - **OneAmerica Tower** [](https://www.google.com/maps/search/?api=1&query=OneAmerica%20Tower%2C%20Mile%20Square%20(Downtown)%2C%20Indianapolis%2C%20United%20States%2C%20Mile%20Square%20(Downtown)%2C%20Indianapolis%2C%20United%20States&query_place_id=ChIJq75fOrlQa4gRspMe1QnbIh8) ## Where Mile Square (Downtown) sits in Indianapolis Mile Square (Downtown) is one of 5 Class A submarkets we cover in Indianapolis, classified as trophy tier with an average asking rent around $32/sqft/yr. Compared with the broader Indianapolis Class A stock, Mile Square (Downtown) typically attracts Banking, insurance, professional services, law firms, government and competes most directly with the city's other trophy submarkets on building specification, transit access, and [amenitisation](/glossary/amenitisation). Adjacent submarkets to study alongside Mile Square (Downtown): [Mass Ave / Bottleworks](/cities/indianapolis/mass-ave), [Carmel](/cities/indianapolis/carmel), [Fishers](/cities/indianapolis/fishers), [Keystone Crossing](/cities/indianapolis/keystone-crossing). The full Indianapolis submarket atlas is at [/cities/indianapolis](/cities/indianapolis). ## Topic deep-dives for Mile Square (Downtown) For an institutional Class A occupier evaluating Mile Square (Downtown), the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket: - [Mile Square (Downtown) — ](/cities/indianapolis/mile-square/rents-and-availability) - [Mile Square (Downtown) — ](/cities/indianapolis/mile-square/tenant-profile) - [Mile Square (Downtown) — ](/cities/indianapolis/mile-square/transit-and-commute) - [Mile Square (Downtown) — ](/cities/indianapolis/mile-square/amenity-and-lifestyle) - [Mile Square (Downtown) — ](/cities/indianapolis/mile-square/trophy-and-comparables) - [Mile Square (Downtown) — ](/cities/indianapolis/mile-square/fit-out-and-spec) ## Related glossary Terminology specific to Indianapolis Class A leasing and to the trophy tier: [Class A](/glossary/class-a), [Trophy asset](/glossary/trophy-asset), [Effective rent](/glossary/effective-rent), [Concession package](/glossary/concession-package), [TI allowance](/glossary/ti-allowance), [Submarket tier](/glossary/submarket-tier). ## 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](/topics/fit-out-capex)">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/mile-square), updated 2026-04-15T00:00:00.000Z.