The Medical District Commercial Office Space for Rent

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The Medical District

Renting Commercial Office Space in The Medical District

This submarket is undergoing a generational shift driven by the $4.3 billion IU Health Downtown Hospital campus expansion—currently one of the largest healthcare construction projects in the U.S. (Source: IU Health / Gilbane Construction). This project is fundamentally reshaping the near-north side, consolidating two existing hospitals into a massive, 864-room academic health center. 2026 represents the "Operational Ramp-up." As the hospital project approaches its final construction phases, the surrounding "Capitol View" corridor is seeing a surge in demand for medical office, student housing, and hospitality to serve the thousands of medical professionals moving to the district. This is the primary destination for institutional capital seeking "recession-proof" healthcare-anchored assets.

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Popular Properties in the The Medical District Neighborhood

Auburn Woods

854 – 3,559 SF

$1,200 – $4,900 /mo

General

Malott Office Park

800 – 2,000 SF

- /mo

General

S State Ave

405 – 87,120 SF

$700 – $3,000 /mo

Flex Warehouse

Ketcham Street

1,638 – 4,066 SF

$1,300 – $3,300 /mo

Warehouse

Offices Suites For Lease

650 – 6,000 SF

$900 – $1,700 /mo

Coworking

Keystone Crossing

560 – 1,987 SF

$0 – $3,600 /mo

General

Production Drive

48,896 SF

$30,600 /mo

Warehouse

Windridge Office Building

127 – 2,054 SF

$200 – $2,900 /mo

General

Castleton Mall Shadowed Retail for Lease

5,220 – 7,120 SF

$7,200 – $9,800 /mo

Storefront

Washington St

3,000 SF

- /mo

Creative Flex General

42 Virginia - 678 sf

678 SF

- /mo

General

7150 Graham Road

2,000 SF

$2,000 /mo

Storefront

Southgate Shopping Center

10,000 – 20,000 SF

$7,100 – $14,200 /mo

Flex Storefront Warehouse

Rucker Road, Suite B

1,500 SF

$2,100 /mo

Coworking General

Southgate Plaza

1,000 SF

$1,200 /mo

Storefront

Suite Rates in The Medical District

Suite Sizes in The Medical District

Neighborhood Comparison

Neighborhood	Average Available SQFT	Average Rate / SQFT PER Month	NUMBER OF AVAILABLE SUITES

*All data is from sources we deem reliable and is tracked to provide tenants an understanding of market and submarket conditions, however we cannot guarantee accuracy and all data should be confirmed prior to any use in the lease or purchase of real property.