550 Congressional — Lease in Carmel, IN

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Carmel, IN 46032
  • Submarket: North/Carmel

Photos

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Description

Now available for lease, office 550 Congressional located at 550 Congressional Blvd Carmel, Indiana 46032. Available square footage 6,818 - 8,776 SF.

Market Context

This office in Carmel, IN is listed for lease. Compare it against other office listings for lease in Carmel, IN — view the full market.

As of Q2 2026, the Indianapolis office market showed a 20.0% vacancy rate, average asking rents near $22.12/SF/yr, and rents up 0.1% year over year. Source: multiple brokerage reports, Q2 2026.

Above-average vacancy gives tenants leverage and a wide set of comparables.

Office market FAQ

Is the Indianapolis office market tightening or softening?
Vacancy is around 20.0% (Q2 2026).

Estimated Market Rate

$1.75/SF/mo – $2.35/SF/mo

Mid: $2.05/SF/mo

Based on comparable properties in similar markets rather than local sales.

By our match to nearby addresses in brokers' reports, this property is in the North/Carmel submarket, where average asking rent was $22.62/SF/yr in Cushman & Wakefield's Q2 2026 report.

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