Warehouses for Rent in Indianapolis: Compare Rates & Lease Quickly

If you’re looking to lease warehouse space in Indianapolis, here’s what you need to know. This guide covers current rental rates, what impacts pricing, which submarkets are most active, and why leasing makes sense for many businesses.

Why Companies Lease Warehouses in Indianapolis

Businesses lease warehouse space in Indianapolis for straightforward, real-world reasons:

• Faster setup: Leasing gets your operations moving without the delays of typical warehouse purchases.
• Lower upfront costs: No large down payment means more working capital for operations.
• Flexibility: Easy to scale up, relocate, or downsize when needed.
• Access: Indianapolis offers one-day truck delivery to a large portion of the U.S. market.

Current Warehouse Rental Rates (2025)

Warehouse leases in Indianapolis are typically priced per square foot per year (NNN). Here’s what to expect:

• Small spaces (<10,000 SF): $8–$12/SF
• Mid-size (10,000–50,000 SF): $6–$9/SF
• Large/bulk (50,000+ SF): $4–$6/SF

Additional expenses for taxes, insurance, and maintenance usually add $1–$2/SF annually.

What Impacts Warehouse Pricing

Several factors influence warehouse lease rates in Indianapolis:

• Size: Smaller spaces tend to cost more per square foot due to high demand.
• Age and condition: Newer buildings with better features (dock access, clear height, LED lighting) lease for more. Older properties are more affordable.
• Features: Cold storage, trailer parking, high ceilings, or extensive dock setups raise the rate.
• Location: Properties near the airport or close to interstates rent for more.
• Lease terms: Longer terms may secure lower base rates or concessions.

Most Active Warehouse Submarkets in Indianapolis

These submarkets see the most leasing activity and provide a range of options:

• Plainfield / Airport area: Modern facilities, near I-70 and the airport. Asking rents: ~$8.50/SF
• Whitestown / Lebanon: Newer bulk distribution centers. Rents: $5–$6/SF
• Greenwood / Whiteland: South-side growth corridor. Mid-sized and large footprints. Rents: $5–$7/SF
• Mt. Comfort / East side: Expanding I-70 corridor. Competitive rents for large spaces.
• Park 100 / Northwest Indy: In-city access, mostly older stock. Good for infill distribution. Rents: $5–$6/SF

In-Demand Warehouse Types

Depending on your operations, certain space types may be a better fit:

• Bulk distribution centers: Designed for regional shipping and fulfillment.
• Cold storage: Limited supply; higher rents but faster delivery for food or pharma.
• Last-mile locations: Smaller, central warehouses for local delivery.
• Light manufacturing: Older spaces with heavy power and flexible layouts.

Why Leasing Often Makes Sense

Leasing is often the right choice for businesses focused on speed, flexibility, and lower risk:

• Move in quickly without waiting on construction.
• No property maintenance headaches.
• Preserve capital for inventory, equipment, or hiring.
• Adjust space as you grow or your needs change.

Owning might make sense if you need a highly customized facility and plan to stay long-term. But for most companies, leasing is the more practical and less expensive path.

Ready to Find Space in Indianapolis?

If you’re ready to lease warehouse space in Indianapolis, now’s a good time. With a wide range of options and competitive pricing, it’s easier than ever to find a building that fits your needs. Get matched with a local broker who knows the market and can help you compare spaces, negotiate lease terms, and secure the right fit.

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