Why Choose Indianapolis

RETAIL SPACE FOR LEASE IN INDIANAPOLIS

Indianapolis provides a diverse array of retail leasing opportunities, from bustling downtown districts to trendy neighborhood destinations, catering to businesses seeking vibrant and thriving retail environments.

6.4%Consumer Spending
Growth

2.4%Retail Sales
Growth

Indianapolis Skyline

Latest Retail Space Listings in Indianapolis

Indianapolis - Retail
Available

Retail

7915 S Emerson Ave

7915 S Emerson Ave
Indianapolis, IN 46237
United States

Available Space: 1,500 SF

Rental Price: $23.00 USD

Indianapolis - Retail
Available

Retail

62nd & Keystone

6180 Hillside Ave
Indianapolis, IN 46220
United States

Available Space: 6,000 SF

Rental Price: $14.00 USD

Indianapolis - Retail
Multiple Spaces

Retail

Shadeland Station

7381-7481 North Shadeland Avenue
Indianapolis, IN 46250
United States

Total Available Space: 34,767 SF

Rental Price: $16.00 - $18.00 USD

genericimage
Available

Retail

7202 N Michigan Rd

7202 N Michigan Rd
Indianapolis, IN 46268
United States

Available Space: 10,125 SF

Rental Price: $18.00 USD

Greenwood - Retail
Available

Retail

The Pointe

1259 North SR 135
Greenwood, IN 46142
United States

Available Space: 11,018 SF

Rental Price: $12.00 USD

Plainfield - Retail
Multiple Spaces

Retail

Plainfield Village

160 Plainfield Village Dr
Plainfield, IN 46168
United States

Total Available Space: 8,600 SF

Rental Price: $20.00 USD

Indianapolis - Retail
Multiple Spaces

Retail

Eastwood Shopping Center

6800 Pendleton Pike
Indianapolis, IN 46226
United States

Total Available Space: 16,400 SF

Rental Price: $28.00 USD

Indianapolis - Retail
Multiple Spaces

Retail

Castleton Square

8440-8540 Castleton Corner Dr
Indianapolis, IN 46250
United States

Total Available Space: 13,797 SF

Rental Price: Negotiable

Why implement your retail space in Indianapolis? 

Indianapolis, the vibrant capital city of Indiana, offers a plethora of opportunities for businesses seeking retail space for lease. With its diverse neighborhoods, bustling shopping districts, and thriving economy, the city presents a dynamic marketplace for retailers. From well-established shopping centers to charming local boutiques, Indianapolis provides a wide range of retail spaces to suit different business needs. 

Whether it's a fashion boutique, a specialty store, or a food and beverage establishment, entrepreneurs and established retailers alike can find suitable locations in popular areas like downtown Indianapolis, Broad Ripple Village, or the trendy Mass Ave district. The city's strategic location in the heart of the Midwest, excellent transportation infrastructure, and a robust consumer base contribute to the appeal of Indianapolis as a retail destination. By leasing retail space in Indianapolis, businesses can tap into a vibrant market and establish a presence in a city known for its rich culture, strong community, and growing retail sector.

How much does it cost to rent a retail space in Indianapolis?

The cost of renting a retail space in Indianapolis can vary depending on various factors such as location, size, condition, and demand. On average, retail rental prices in Indianapolis range from $15 to $40 per square foot per year. However, it's important to note that prime retail spaces in high-traffic areas or popular shopping districts may have higher rental rates, while spaces in less central or emerging neighborhoods may offer more affordable options.
 
To read: our Indianapolis MarketBeat Retail report analyzes quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Are retail space rents likely to increase in Indianapolis?

In recent years, retail space rents in Indianapolis have experienced an upward trend due to the city's robust economic growth and thriving retail sector. The increasing demand for prime retail locations, especially in popular neighborhoods like downtown, Broad Ripple Village, and Mass Ave, has contributed to the rise in rental prices. As the city continues to attract new businesses, both local and national, competition for desirable retail spaces has intensified, driving up rents. Additionally, ongoing development projects and urban revitalization efforts have further enhanced the desirability of retail spaces, fueling the upward pressure on rental rates.


Popular neighborhoods in Indianapolis

Indianapolis offers several popular neighborhoods for leasing retail space, each with its own unique characteristics and advantages. Here are a few notable neighborhoods:
 
  • Downtown Indianapolis: The heart of the city, downtown offers a bustling retail scene with a mix of high-end shopping, popular restaurants, and entertainment options. It attracts both locals and tourists, making it an ideal location for retail businesses seeking high foot traffic.
  • Broad Ripple Village: Known for its vibrant and eclectic atmosphere, Broad Ripple Village is a popular neighborhood among the younger demographic. It features a diverse range of boutique shops, art galleries, and trendy eateries, making it an attractive destination for unique retail concepts.
  • Mass Ave: Located just northeast of downtown, Mass Ave is a trendy and artsy district known for its local boutiques, art galleries, and indie shops. It has a thriving creative community and attracts shoppers looking for one-of-a-kind products and experiences.
  • Keystone at the Crossing: Situated on the north side of the city, Keystone at the Crossing is a prominent commercial and retail hub. It features upscale shopping centers, large retailers, and a variety of dining options, attracting shoppers from across the city and beyond.
  • Fountain Square: Located southeast of downtown, Fountain Square offers a mix of vintage shops, art galleries, and unique retail establishments. It has a bohemian vibe and hosts regular events that draw crowds, creating opportunities for retail businesses to thrive.

Getting to and from Indianapolis

Indianapolis has a well-developed transportation infrastructure that offers various options for getting to and from the city. Here are some common modes of transportation:

  • Air Travel: Indianapolis International Airport (IND) serves as the primary airport for the city. Located about 16 miles southwest of downtown, it offers domestic and international flights, connecting Indianapolis to major cities worldwide.
  • Road: Interstate highways connect Indianapolis to other cities and regions. Interstate 65 runs north-south, while Interstate 70 runs east-west through the city. These highways provide convenient access for travelers arriving by car.
  • Public Transportation: Indianapolis has a public transportation system operated by IndyGo, which includes buses and the Red Line, a rapid transit bus service that runs from the north side to downtown. The city also offers rideshare services like Uber and Lyft.
  • Train: Amtrak operates the Cardinal and Hoosier State train services, which stop at the Indianapolis Union Station. These train routes connect Indianapolis to other cities, including Chicago, New York City, and Washington, D.C.
  • Greyhound: The Greyhound bus service provides intercity transportation to and from Indianapolis. The Greyhound station is located downtown, near the city center.
Commercial Real Estate Services in Indianapolis, Indiana
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Indianapolis Related Insights

US-MarketBeat-webcard-Q1-2024---RETAIL
MarketBeat

U.S. Shopping Center Reports

Access the latest quarter commercial real estate results for the retail sector nationally. MarketBeat reports analyze quarterly market activity including supply, demand and pricing trends.
James Bohnaker • 4/12/2024
Indianapolis Skyline
MarketBeat

Indianapolis

Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Maggie Tillotson • 4/9/2024

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