Industrial Property for Lease in Indianapolis, IN

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Indianapolis, IN 46219

Description

Spec Bldg 2 Now Under Construction @ Thunderbird Commerce Center | East Indianapolis

Market Context

This industrial in Indianapolis, IN is listed for lease. It has been on the market for 151 days. Compare it against other industrial listings for lease in Indianapolis, IN — <a href="/search/lease/industrial/indiana/indianapolis">view the full market</a>.

As of Q1 2026, the Indianapolis industrial market showed a 7.0% vacancy rate, average asking rents near $6.35/SF/yr, and cap rates around 6.1%. Source: Consensus Q1 2026 market report.

Industrial market FAQ

What is the typical cap rate for industrial in Indianapolis?
About 6.1% as of Q1 2026, per Consensus.
Is the Indianapolis industrial market tightening or softening?
Vacancy is around 7.0% (Q1 2026).

Unified Estimate

Very Low Confidence

$0.62/SF/mo – $0.84/SF/mo

Mid: $0.73/SF/mo

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 4 comparable listings.

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