After a slow start this year, the Indianapolis office market experienced a nice rebound with 121,000 square feet of net absorption during the second quarter. Even better is that the good news is coming out of more than one area of the metro area, illustrating a strong market across the board. Additionally, employment continues to rebound as well. The city’s unemployment rate remains at one of its lowest levels in this millennium. See some of… Read More
There have been a flurry of new job announcements over the last 18 months. This is encouraging news for the city of Indianapolis. Nearly half have occurred this year and eight alone since April. While these new jobs will obviously impact the local labor market, we wondered how this would impact the Indianapolis office real estate market? Read on and download the special report for more insight.… Read More
Health systems have made great strides in recent years. Most noteworthy, they are keeping patients healthier by providing more care outside of the main hospital facility walls. Below are the top 5 trends to watch in healthcare real estate. For more insights, download JLL’s full report. The first in… Read More
The Indianapolis office market picked up right where it left off during the first quarter of 2017. Since 2015, the market has seen $1 billion in sales activity. With so much product trading hands, many owners (both new and pre-existing) are opening their pocketbooks for capital improvements to their properties. Now that these capital improvements are concluding, the first quarter of 2017 brought a reclassification of building inventory.What do capital improvements mean for tenants?
JLL Indianapolis is always touting the advantages of the area with our clients and colleagues. The region is receiving its own fair share of news coverage and accolades for being the best of the best. Indiana, and Indianapolis in particular, is no longer a flyover state, but most of all, don’t just take our word for it. Here is why Indianapolis tops our list and why others are taking notice.Live
People… Read More
The JLL Indianapolis office isn’t even a decade old yet, but you would never guess it. By the combined experience of the dedicated brokers who make up the staff. John Robinson, Managing Director, started the JLL Indianapolis office in 2008 and hasn’t looked back. From increases in staff to increases in market share, the measured, strategic growth has propelled JLL… Read More
JLL is proud to support ongoing energy efficiency efforts at Precedent Office Park. The park is managed by JLL and owned by Precedent Co-Investor, LLC and managed by JLL. The property recently earned the U.S. Environmental Protection Agency’s (EPA) ENERGY STAR certification as a result of buildings performing in the top 25% of similar facilities. Hence, the buildings meet strict efficiency performance levels set by the EPA.
The Precedent Office Park has been taking part in renovations and keeping… Read More
The Indianapolis Business Journal recently published its annual lists of the top commercial real estate transactions, and JLL was at the top of each list for 2016.Top Office Leases
JLL represented 12 of the largest 25 office leases signed in 2016 (totaling nearly 1.2 million square feet), half of which being in the Top-10. Even more impressively, JLL brokered the Top-5 deals signed in Class A buildings. This is a large increase over 2015, in which… Read More
Kevin Gillihan, Vice President, JLL
The northeast Indianapolis submarket used to be contained to the Castleton area, however, growth in the last two decades has pushed the boundaries considerably – not only on the map but also in the buildings going up. For example, prior to 2000, the majority of… Read More
5 Key Performance Indicators Show Strong Growth
Leasing, construction and investment activity continues to boost the Indianapolis office market. Our third quarter Office First Look report shows strong numbers across the board. With low vacancy rates and increasing asking rates, Indianapolis continues to attract tenants and investors. Given just one more quarter this year, we anticipate 2016 to go on record as one of the best years post-recession. Check out some of the key performance… Read More