Thunderbird Commerce Center — Lease in Indianapolis, IN

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

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Thunderbird Commerce Center — Lease in Indianapolis, IN, photo 1 of 2
Thunderbird Commerce Center — Lease in Indianapolis, IN, photo 2 of 2

Description

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

Market Context

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

As of Q2 2026, the Indianapolis industrial market showed a 6.0% vacancy rate, average asking rents near $6.37/SF/yr, and rents up 1.6% year over year. Source: multiple brokerage reports, Q2 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Industrial market FAQ

Is the Indianapolis industrial market tightening or softening?
Vacancy is around 6.0%, with asking rents rising year over year (Q2 2026).

Estimated Market Rate

$0.46/SF/mo – $0.62/SF/mo

Mid: $0.54/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 East submarket, where average asking rent was $5.96/SF/yr in Cushman & Wakefield's Q2 2026 report.

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