Hillsdale Building 3 — Lease in Indianapolis, IN

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Business
  • Location: Indianapolis, IN 46250
  • Size: 84,050 SF
  • Year built: 1987

Photos

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Market Context

This warehouse distribution in Indianapolis, IN is listed for lease across 84,050 SF. The building dates to 1987. Compare it against other warehouse distribution listings for lease in Indianapolis, IN — view the full market.

As of Q2 2026, the Indianapolis warehouse distribution 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.

Warehouse distribution market FAQ

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

Estimated Market Rate

$0.45/SF/mo – $0.61/SF/mo

Mid: $0.53/SF/mo

Estimated total for 84,050 SF: $44,546 per month

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