A Guide to Office Space in Indianapolis

Indianapolis is one of the most populous cities in the world. This makes it an important industrial, commercial, and financial hub. Its industries range from pharmaceuticals and transportation to technology and health care.

The city is in the Corn Belt, an area of the Midwest famous for its crops and diverse agriculture. Here, nine counties meet to create a bustling metropolitan area, with Indianapolis at its center.

Prestigious learning institutions attract students to the area every year. Graduates hail from Butler University, Ivy Tech State College, and the University of Indianapolis. Indianapolis is famous for auto races like the Indianapolis 500. This spectacle takes place each year at the end of May and attracts huge crowds to the city.

With good transport links and a convenient location, Indianapolis is a vibrant business ecosystem. As such, there is a vast selection of industrial, retail, and office space in Indianapolis to suit a wealth of business needs.

Geography of Indianapolis

Indiana is a midwestern state, bordered by Michigan, Ohio, Kentucky, and Illinois. Indianapolis lies on the state’s White River, occupying a central position inside Indiana.

Being part of a nine-county metropolitan area uniquely positions Indianapolis. It’s now one of the most populous places in the Midwest for businesses.

Indianapolis is a strategic choice for business in the Midwest. Its excellent accessibility and superior connections to the rest of the US and beyond place it in a superior position.

Top business areas in Indianapolis

Indianapolis is the 28th largest metropolitan economy in the US, with several Fortune 500 companies located here. It is also a great place to set up a new business. No fewer than 500 new businesses registered on Yelp in the Indianapolis metro area in 2023.

Its recognition in business rankings also makes it attractive to real estate investors. Some of the top business areas include:

• Downtown Indianapolis: Nicknamed ‘Downtown Indy’, downtown is an exciting place to live and work. With shops, restaurants, and business developments, this area is popular with working professionals.
• Castleton: A busy community with a diverse population, Castleton is in the north of Indianapolis. If you like walking, Castleton is easy to navigate on foot, but you’ll find a network of keen cyclists here too. ​
• Geist: Situated in the northeast of Indianapolis, Geist is an affluent community by the waterfront. Popular with white-collar workers, it offers an easy commute into the city.
• Butler Tarkington: Butler-Tarkington is a spot in the northwest. Its private universities attract students and young professionals.

5 businesses based in Indianapolis

Thousands of businesses contribute to Indianapolis’ bustling economy. Its talent pool and low business and living costs attract new businesses to the area each year.

Some of the top businesses based here include:

• Salesforce: The world’s top customer relationship management platform. Indianapolis is the home of its Marketing Cloud HQ.
• Rolls-Royce Motor Cars Limited: One of the most famous automobile brands in the world. More Rolls-Royce products are made here than anywhere else in the world.
• Amazon: The retail giant Amazon has a big presence in Indianapolis, with many sites and fulfillment centers.
• Cummins Inc.: A global power technology leader in engines and related technologies. The Cummins Distribution Business headquarters is in Indianapolis.
• Eli Lilly and Company: A pharmaceutical company that develops medicines and treatments for a wide range of diseases.

Why you should rent an office in Indianapolis

There are many reasons why businesses choose Indianapolis. Here are our top seven reasons for renting permanent or temporary office space in Indianapolis.

1. Central location

Although Indianapolis isn't huge, its location at the heart of nine different counties gives it significant reach.

Not only is it accessible for businesses to develop and expand their operations, but it’s easy to travel to other cities and counties.

2. Business-friendly environment

The business environment in Indianapolis is built for growth. Above all else, Indianapolis favors collaboration and innovation. You will find some of the most prosperous industries and prolific leaders living and working here. There’s also plenty of business space for rent in Indianapolis.

The city is a great place for start-ups too. Indianapolis has previously been ranked fourth in the Best of the Midwest: Start-up Cities Rankings. This was partly thanks to its access to resources for start-ups, like coworking spaces. The city also offers helpful guides to help small businesses get started.

3. Market access

Indianapolis’ convenient location and business networks make it one of the country’s top economic centers. If you want strong market connections and a significant consumer base, Indianapolis could be an excellent choice.

4. Diverse and skilled workforce

Indianapolis’ top research universities lend skilled graduates to its workforce. This is particularly true for the business, engineering, and tech sectors.

The city’s business-friendly government also works to encourage entrepreneurship. It has introduced policies and initiatives that nurture business development. These include certified technology parks and tax abatements.

5. Affordability

Many people say that the charm and feel of Indianapolis is that of a smaller town. Indianapolis stands out for its affordability and cost-effective business operations. Getting around is also cheap, with 153 miles of walking trails and 100 miles of bike lanes.

Indianapolis is one of the more affordable places to live in the U.S., and the cost of living is 7% below the national average.

6. Recognition as a tech hub

Indianapolis has made a name for itself as a thriving community of creators and global leaders, particularly in the tech space. Its growing tech ecosystem has attracted companies and start-ups looking to grow and develop. These include Salesforce, Infosys, Core BTS, and Siemens.

7. Entrepreneurial ecosystem

The city is an attractive prospect for entrepreneurs. Start-ups can get support from top organizations like Elevate Ventures. For office space, there are lots of private office spaces for rent in Indianapolis.

Indianapolis is home to networking groups, like IndyHub. These organizations aim to support growth and connect working professionals across the city. Indiana’s low tax rate is also a significant attraction for entrepreneurs.

How much is office space to rent in Indianapolis, Indiana?

Renting office space in Indianapolis can be a cost-effective option for many different businesses.

The low cost of living makes Indianapolis more economically attractive than other cities. There are also lots of small office spaces in Indianapolis if you need to keep costs down or you’re testing the market.

Regus has a variety of coworking spaces here, from serviced offices and managed suites to custom offices and hot desking options.

With plenty of spaces available, choose to collaborate or reserve your own private office for the day. Our serviced and custom office spaces range from $165 per person per month.

For ad-hoc office space for rent in Indianapolis, you can choose spaces with rental rates ranging from $55 to $89 per day.

Office space in Indianapolis

If you want to make Indianapolis your home, Regus can help. Our offices for rent in Indianapolis offer total flexibility, ensuring your business can grow and thrive here.

From short to long-term rentals, and shared space to private offices, we can help you choose the top Indianapolis space in a prime location.

Keystone at the Crossing

Keystone at the Crossing is nestled in the very heart of Indianapolis. It’s a modern high-rise building with beautiful views and a range of offices to suit teams of all sizes. Keystone at the Crossing is the perfect place for start-ups and larger businesses alike.

On-site amenities include break-out areas, a business lounge, and meeting rooms. There are major transport connections nearby too. Relax after work at the retail centers neighboring the building, or head downtown for a drink and a bite to eat.

Highlights include:

• Gym and fitness room
• Business lounge
• On-site lunch restaurant

Information about Keystone at the Crossing:

• Location: 8888 Keystone Crossing, Indianapolis, IN, 46240
• Starting cost: From $225 per month
• Opening hours: 24-hour access for Private Office and Dedicated Desk members, 8:30 am to 5:30 pm weekday access for other members
• Nearby transport links: Keystone Crossing & Commerce Crossing bus stop (a two-minute walk away)

42-49 S Meridian St

42-49 S Meridian St is an attractive office space for rent in downtown Indianapolis. This center is an excellent choice for both start-ups and larger businesses. Impress your clients with modern facilities, stunning views, and collaboration spaces.

Its location near Southport means you’ll also have access to a packed calendar of business and networking events.

This space offers fully-furnished, bright and airy coworking spaces, and modern meeting rooms. You and your guests can enjoy business-grade WiFi at all times. Plus, Indianapolis International Airport is nearby for international business.

Highlights include:

• Speakeasy bar and restaurant
• Break-out areas
• Meeting rooms

Information about 42-49 S Meridian St:

• Location: 42-49 S Meridian St, Indianapolis, IN, 46204
• Starting cost: Prices available on request
• Opening hours: 24-hour access for Private Office and Dedicated Desk members, 8:30 am to 5:30 pm weekday access for other members
• Nearby transport links: Downtown Transit Center (a five-minute walk away)

Capital Center

The stylish Capital Center is a venue where creative ideas are born. A high-rise building with sweeping city views, you’ll find a selection of offices to suit different needs and team sizes.

Capital Center benefits from convenient transport links, including the Indianapolis Train Station. After work, kick back and unwind at the area’s many shops and restaurants. There are also regular cultural and sporting events to enjoy nearby, such as the Indianapolis 500 car race.

Highlights include:

• Gym and fitness room
• Secure underground parking
• 24-hour CCTV

Information about Capital Center:

• Location: 201 North Illinois Street, Indianapolis, IN, 46204
• Starting cost: From $305 per month
• Opening hours: 24-hour access for Private Office and Dedicated Desk members, 8:30 am to 5:30 pm weekday access for other members
• Nearby transport links: Illinois St & New York St Bus Stop (a two-minute walk away) and Indianapolis Train Station (an 11-minute walk away)

Lockerbie Marketplace

Lockerbie Marketplace is in a much sought-after location in Indianapolis. With a selection of flexible workspaces, you’re sure to find the perfect space here.

Amenities include a sandwich service, a business lounge, and an on-site restaurant. Businesses here love the easy access to skills and talent from nearby educational institutions.

The area has lots to keep professionals entertained after work too, with the shops and restaurants of Circle Center Mall a stone’s throw away.

Highlights include:

• Bicycle storage
• On-site dry cleaning
• Secure underground parking

Information about Lockerbie Marketplace:

• Location: 333 N. Alabama Street, Indianapolis, IN, 46204
• Starting cost: From $295 per month
• Opening hours: 24-hour access for Private Office and Dedicated Desk members, 8:30 am to 5:30 pm weekday access for other members
• Nearby transport links: New York St & New Jersey St Bus Stop (a four-minute walk away)

River Crossing at Keystone

Situated in a prestigious business area in Indianapolis, River Crossing at Keystone has a lot to offer. Surrounded by beautiful green spaces, the city of Carmel is not too far away for fashionistas and cultural sights.

Keystone at the Crossing is at the heart of Indianapolis’ strongest submarket. This makes River Crossing a good option for larger businesses.

Ideal for international clients, the Marriott Hotel is less than five minutes away. The nearby Fashion Mall is a great place to entertain clients and colleagues too.

Highlights include:

• Gym and fitness room
• Outside seating area and terrace
• Public transport links

Information about River Crossing at Keystone:

• Location: 3815 River Crossing Parkway, Indianapolis, IN, 46240
• Starting cost: From $235 per month
• Opening hours: 24-hour access for Private Office and Dedicated Desk members, 8:30 am to 5:30 pm weekday access for other members
• Nearby transport links: Keystone Crossing & Commerce Crossing Bus Stop (a 13-minute walk away)

West 86th Street

West 86th Street offers an exciting chance to grow your business. It’s the ideal choice if you’re looking for small office space for rent in Indianapolis. Amenities include bright, modern offices, fully-equipped meeting and conference rooms, and break-out areas.

This office space provides networking opportunities with fellow start-ups, particularly those in the tech space. You’ll also have access to emerging talent and skills, with several education institutes nearby. After work, there are lots of shops, restaurants, and movie theaters to explore.

Highlights include:

• Business lounge
• Meeting rooms
• Break-out areas

Information about West 86th Street:

• Location: 3901 West 86th Street, Indianapolis, IN, 46268
• Starting cost: From $209 per month
• Opening hours: 24-hour access for Private Office and Dedicated Desk members, 8:30 am to 5:30 pm weekday access for other members
• Nearby transport links: 86th St & Payne Rd Bus Stop (a two-minute walk away)

429 Pennsylvania St

429 Pennsylvania St offers plenty of flexible office space in downtown Indianapolis. With super-fast WiFi, fully-stocked kitchens, and on-site staff, you and your team will want for nothing.

This center is great for businesses seeking space in Indianapolis’ cultural, political, and economic hub. After work, immerse yourself in the history of the local area or explore some of the parks close by.

For client entertainment or an after-work wind-down, you can sample the cuisine at the many restaurants and cafés nearby. What’s more, Indianapolis International Airport is only 14 miles away.

Highlights include:

• Break-out areas
• Fully-stocked kitchen
• On-site team

Information about 429 Pennsylvania St:

• Location: 429 Pennsylvania St, Indianapolis, IN, 46204
• Starting cost: From $219 per month
• Opening hours: 24-hour access for Private Office and Dedicated Desk members, 8:30 am to 5:30 pm weekday access for other members
• Nearby transport links: Meridian St & Vermont St Bus Stop (a four-minute walk away)

Lakefront at Keystone

If you’re after an office space with spectacular views, Lakefront at Keystone could be your dream location.

This attractive space is situated in The Precedent. This makes it ideal for businesses seeking a prestigious corporate business address. Offices here also benefit from modern facilities, a huge lake, and everything you’d expect from a premier business park.

As well as break-out areas and a business lounge, the space offers a gym and fitness room and a peaceful outside seating area. For shopping and recreation, the Fashion Mall at Keystone is a five-minute drive away.

Highlights include:

• Business park location
• Gym and fitness room
• Business lounge

Information about Lakefront at Keystone:

• Location: 9465 Counselors Row, Indianapolis, IN, 46240
• Starting cost: From $165 per month
• Opening hours: 24-hour access for Private Office and Dedicated Desk members, 8:30 am to 5:30 pm weekday access for other members
• Nearby transport links: Fishers Train Station (a 17-minute drive away)

Fishers Business Center

Fishers Business Center offers everything a modern business needs from a shared workspace.

Whether you’re looking for coworking or private office space in Indianapolis, this prime location is the ideal place to streamline your business operations. Many businesses here already benefit from building a network of like-minded professionals.

The stunning facilities, including a tenant lounge and an on-site gym, boost creativity and promote well-being. For off-site visits, you can conduct business meetings at one of the area’s many restaurants.

The main airport is nearby too, so you can maintain international client relationships with ease.

Highlights include:

• On-site support staff
• On-site gym
• Break-out areas

Information about Fishers Business Center:

• Location: 10475 Crosspoint Blvd., Indianapolis, IN, 46256
• Starting cost: From $289 per month
• Opening hours: 24-hour access for Private Office and Dedicated Desk members, 8:30 am to 5:30 pm weekday access for other members
• Nearby transport links: Fishers Train Station (a six-minute drive away)

East Market St

Work the way you want at East Market Street’s flexible office space. This premium office space is five minutes from downtown Indianapolis. It offers a customizable space, break-out areas, and coworking spaces. With a variety of spaces for collaboration, there are always opportunities to network here.

Take a well-earned break from the daily grind and relax in the communal kitchen. Or, browse the shops and restaurants surrounding the office.

Highlights include:

• Break-out areas
• Equipped meeting rooms
• Communal kitchen

Information about East Market St:

• Location: 155 E Market St, Indianapolis, IN, 46204
• Starting cost: From $199 per month
• Opening hours: 24-hour access for Private Office and Dedicated Desk members, 8:30 am to 5:30 pm weekday access for other members
• Nearby transport links: Downtown Transit Center Bus Stop (a three-minute walk away)

Parkwood Crossing Center

Indianapolis will be in the palm of your hand when you work at Parkwood Crossing Center just 15 minutes north of downtown.

You’ll find everything you need at this center. The 14,000-square-foot amenity center comprises a fitness center, state-of-the-art meeting space, and a large business lounge.

Enjoy lunch in the on-site restaurant, grab a drink in the coffee bar, or opt for the sandwich service. For a moment’s peace, you’ll also be able to relax in the quiet of the surrounding green spaces.

Highlights include:

• Gym and fitness room
• On-site lunch restaurant
• Business lounge

Information about Parkwood Crossing Center:

• Location: 450 E. 96th Street, Indianapolis, IN, 46240
• Starting cost: From $245 per month
• Opening hours: 24-hour access for Private Office and Dedicated Desk members, 8:30 am to 5:30 pm weekday access for other members
• Nearby transport links: 96th St & Pennsylvania St Bus Stop (an 11-minute walk away)

Discover office spaces for rent in Indianapolis with Regus

Indianapolis has it all. A prosperous business environment, support for start-ups, a low cost of living, green spaces, and leisure facilities. Plus, you’ll have access to some of the world’s most exciting motor racing on your doorstep.

Looking for office suites for rent in Indianapolis? Regus is here to help. Whether you’re looking for a short-term, long-term, or flexible approach, we have several office suites in Indianapolis to suit you.