Fishers, Indiana, isn’t just growing in numbers—it’s evolving into a strong hub for professional services, tech, and healthcare. With a rising population, innovation infrastructure, and demand for modern office environments, Fishers offers compelling opportunities for investors looking to tap into its expanding office market.
Population & Demand Fundamentals
Fishers’ population has climbed rapidly in recent years, with estimates around 103,986 residents as of mid-2024, up ~5.0 % from 2020. City Population+2Census.gov+2
That growth fuels demand not just for homes, but for services—offices, clinics, and professional suites. More residents mean more businesses need workspace close by.
Innovation & Tech Infrastructure
One of Fishers’ biggest differentiators is the Indiana IoT Lab – Fishers, established through Launch Fishers. Indianapolis Business Journal+3Launch Fishers+3Indiana IoT Lab+3
The Lab provides office suites, coworking, research & prototyping, and connections with tech startups and larger industrial innovators. It signals that Fishers is serious about attracting businesses that need modern, specialized spaces—not just basic office boxes.
Office Market Trends & Submarket Performance
Recent reports show that in the Indianapolis-Fishers area, the Fishers submarket is doing relatively well in terms of occupancy and leasing. For example, in Q4 2024, Fishers saw a decline in vacancy rates compared to other submarkets. Cushman & Wakefield+1
Also in Q1 2025, Fishers logged ~44,000 square feet of positive net absorption—meaning more office space was leased out than vacated. This is a strong signal of demand in that market. Cushman & Wakefield
Key Tenant Types: Healthcare, Professional Services, Startups
- Healthcare & Medical Offices: As Fishers’ population increases, so does demand for outpatient clinics, specialists, imaging centers, etc. These tenants often look for reliable, high-quality office space.
- Professional Services: Lawyers, accountants, consultants, financial planners—all benefit from being close to clients and in well-maintained, well-located offices.
- Startups & Innovation Firms: The presence of coworking and the IoT Lab attract smaller companies needing flexibility. Many prefer plug-and-play setups, shared amenities, or specialized infrastructure (especially for tech / IoT work).
Location, Amenities & Competitive Advantages
Fishers offers several built-in advantages:
- Proximity to major highways (I-69, etc.) gives access to Indianapolis and surrounding markets.
- Strong public amenities, schools, retail/dining, which help attract skilled workers who want a good quality of life.
- City planning & incentives that make office development more feasible.
These factors help reduce risk and make many properties more attractive both to tenants and investors.
What Investors Should Watch & Do
- Target newer or well-renovated office properties; modern finishes and flexible layouts are becoming more in demand.
- Consider medical office buildings as part of the portfolio—they tend to have longer leases and resilient demand.
- Look for opportunities in the Fishers and I-69 submarkets where absorption is positive, vacancy is trending downward.
- Think about spaces that support innovation / tech / IoT—or properties near Launch Fishers / IoT Lab—as tenants there might be early adopters of modern office requirements.
Final Thoughts
Fishers is more than a bedroom community—it’s growing into a center of innovation, healthcare, and modern professional services. Its office market is showing signs of strength, especially in submarkets with strong amenities and infrastructure.
For investors seeking office opportunities with upside, Fishers offers multiple levers: population growth, tech infrastructure, amenity appeal, and steady demand.
👉 Ready to explore available office properties in Fishers? Talk to Annie to find the right space for your investment goals.
Sources:
- Fishers population and growth data: U.S. Census Bureau QuickFacts, cityweb & Fishers official website Census.gov+2City of Fishers -+2
- Indiana IoT Lab & innovation ecosystem: Launch Fishers announcements, “Our Story” pages TechPoint+3Launch Fishers+3Indiana IoT Lab+3
- Office market performance: Cushman & Wakefield / MarketBeat reports for Indianapolis / Fishers submarket Cushman & Wakefield+2Cushman & Wakefield+2
