Indy’s Meridian Street among the most expensive in America

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According to JLL’s 2017 Most Expensive Streets study, which looks at the priciest U.S. office space, those high-profile spots command an average asking rent of $48.65 per square foot, a 46.9-percent premium compared to the rest of the country. In Indianapolis, Meridian Street at Market Street boasts an average asking rent of $26.05 per square feet.

Monument Circle at Meridian StreetRead More

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JLL Indy packs a nutritious punch!

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Today, the JLL Indianapolis team volunteered at Gleaners Food Bank of Indiana. Known for supporting hungry Hoosiers through a network of over 250 partner agencies in 21 counties, including emergency food pantries, soup kitchens and shelters, our mission was to pack as many “BackSacks” as we could during our time. Unfortunately, hunger doesn’t break for the weekend. These much needed “BackSacks” make up the very important “BackSack: Weekend Food for Kids Program.”… Read More

BackSack: Weekend
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Industrial market as vibrant as ever

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The Indianapolis industrial market just won’t quit! With one quarter remaining, the market is within one million square feet of breaking the previous record for construction in a single year
Construction continues to be the story of 2017. Completed construction more than doubled since last quarter to over five million square feet. Three million square feet came online in the third quarter alone! With six million square feet still under construction, it’s… Read More
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Indianapolis office market continues to grow, but space givebacks loom on the horizon

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The Indianapolis office market is continuing to ride this wave of positive growth and absorption thanks to the new construction that was delivered this quarter as well as healthy activity in the CBD, but space givebacks may be halting the ride. Still, the Indianapolis office market is poised to finish the year with occupancy growth for the 8th time in the past 10 years. See more of a few key performance indicators from… Read More

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Spaces Indiana awards five local companies for workspace innovation

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Workspace Innovation

The innovative workspace showcase, Spaces Indiana, presented awards to five companies. The annual event celebrates companies for their vision and execution of a workspace design that is unique, innovative, reflects the company’s brand, engages the employee base and enhances productivity. Four categories receive awards. For the first time ever People’s Choice… Read More

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What do labor and industrial CRE have in common?

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As it turns out, the answer to this question is a lot! Without employees, industrial properties can’t fill their warehouses with workers, can’t drive their products to their destinations and can’t meet their client’s expectations. Indiana is enjoying a low unemployment rate, but that’s putting a crunch on the companies looking for labor. As companies go into their busy holiday season, this is becoming even more important.

Recent labor stats

According to the… Read More

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Value and risk shaping investor behavior

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The appetite for real estate debt and equity remains high from both domestic and offshore sources of capital. As a result, capital markets activities remain strong at mid-year. Despite record stock market highs and signs of stability in the markets, uncertainty on the future of U.S. policy and the Federal Reserve remains. This is impacting investment across sectors. This, along with current asset pricing, is pushing investors beyond markets or sectors… Read More

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The 3 biggest challenges facing the construction industry

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buildingThroughout the first half of 2017 the construction industry demonstrated stability in the face of adversity, with private construction investment leading the way.  Despite uncertainty, building continues towards sustainable growth. Growing materials costs and dwindling talent pools are leaving construction leaders grappling with serious challenges. Three of the challenges are outlined below. For more, check out JLL’s latest U.S. Construction… Read More

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Top 4 office market trends in 2017

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cbd downtown skylineThe downtown Indianapolis skyline has changed significantly over the last year, most notably with the new signs at Salesforce Tower going up. Rents are also rising across Indianapolis’ Skyline due to strong tenant demand and increased investment.

“For the first time in 20 years, the Indianapolis CBD and Skyline has seen substantial rent growth,” says Managing Director, John Robinson. “The growing tech industry… Read More

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