Indianapolis has long been a leader in public-private partnerships (P3 projects)—collaborations between the city, private companies, and nonprofits that drive major developments and infrastructure projects. These partnerships help fund, build, and operate essential projects that benefit the economy and local communities, from revitalized downtown spaces to large-scale infrastructure investments.

The Indianapolis commercial real estate market is evolving rapidly, reflecting national trends in adaptive reuse, mixed-use development, and strategic urban growth. As businesses rethink office space, developers reimagine downtown properties, and investors explore new asset classes, Indy is at the forefront of exciting shifts in real estate.

For businesses, developers, and investors considering Indianapolis, here’s a look at the key trends shaping the commercial real estate market in 2024 and beyond.