Office for Lease in Carmel, IN

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Carmel, IN 46032
  • Size: 21,673 SF

Description

City Center at Penn Office Park is strategically located at the gateway of the highly desirable Carmel business and medical corridor. Surrounded by amenities, hotels, hospitals and other quality businesses, City Center at Penn Office Plaza is the business address of today. Property has a total of 2 elevators, one is strictly a passenger elevator and the other is a passenger and freight elevator.

Market Context

This office in Carmel, IN is listed for lease across 21,673 SF. It has been on the market for 5 days. Compare it against other office listings for lease in Carmel, IN — <a href="/search/lease/office/indiana/carmel">view the full market</a>.

As of Q1 2026, the Indianapolis office market showed average asking rents near $20.98/SF/yr, and cap rates around 8.6%. Source: Consensus Q1 2026 market report.

Office market FAQ

What is the typical cap rate for office in Indianapolis?
About 8.6% as of Q1 2026, per Consensus.

Unified Estimate

Very Low Confidence

$1.71/SF/mo – $2.31/SF/mo

Mid: $2.01/SF/mo

Total estimate for 21,673 SF: $43,563

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market tampa (similarity: 100%) with 9 comparable listings.

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