Spec is Back in Indy

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For the first time since before the Great Recession, speculative office development is back in Indy.

A three-story, 81,000-SF building is now being marketed for lease on Indianapolis’s Northside, where virtually all of the 700,000 SF of positive net absorption in the metro area occurred last.

JLL’s John Robinson helps explain the developer’s rationale in this week’s Indianapolis Business Journal:

“With no new construction, it doesn’t take an economics major to figure out supply and demand.”

Click here to read the complete IBJ story …

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