PNC Center — Lease in Indianapolis, IN

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Indianapolis, IN 46204
  • Size: 636,550 SF

Description

Market Context

This office in Indianapolis, IN is listed for lease across 636,550 SF. It has been on the market for 113 days. Compare it against other office listings for lease in Indianapolis, IN — view the full market.

As of Q1 2026, the Indianapolis office market showed average asking rents near $20.98/SF/yr, and cap rates around 8.6%. Source: multiple brokerage reports, Q1 2026.

Office market FAQ

What is the typical cap rate for office in Indianapolis?
About 8.6% as of Q1 2026, per multiple brokerage reports.

Estimated Market Rate

$1.57/SF/mo – $2.13/SF/mo

Mid: $1.85/SF/mo

Estimated total for 636,550 SF: $1,177,618 per month

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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