Thunderbird Commerce Center — Lease in Indianapolis, IN

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

Description

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

Market Context

This industrial in Indianapolis, IN is listed for lease. It has been on the market for 196 days. Compare it against other industrial listings for lease in Indianapolis, IN — view the full market.

As of Q1 2026, the Indianapolis industrial market showed a 7.0% vacancy rate, average asking rents near $6.35/SF/yr, and cap rates around 6.1%. Source: multiple brokerage reports, Q1 2026.

Industrial market FAQ

What is the typical cap rate for industrial in Indianapolis?
About 6.1% as of Q1 2026, per multiple brokerage reports.
Is the Indianapolis industrial market tightening or softening?
Vacancy is around 7.0% (Q1 2026).

Estimated Market Rate

$0.62/SF/mo – $0.84/SF/mo

Mid: $0.73/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

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

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