Insatiable appetite for industrial space continues across the United States through 2017. This is true for Indianapolis as well. Healthy consumer spending and buoyant e-commerce sales are driving demand for warehouse and distribution space. This is pushing vacancy rates to a 17-year low and rents through the roof. But demand is outweighing supply and new construction is struggling to keep up. So what’s the story in Indianapolis?Industrial Spec Construction Continues
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?
Whether you’re looking to expand operations, strengthen your brand presence or attract and retain the best talent, you need a partner that can align deep capabilities back to your vision. The focus on space and how that impacts business and work has never been greater. JLL’s Project and Development Services works with you to reach the big aspirations living within every new building, renovation, fit-out or design.
Brian Seitz, SIOR, Executive Vice President, JLL
Indianapolis was recently ranked as one of the top distribution markets in the country, landing at seventh out of 50 markets that were tracked, according to JLL’s report, The Leaderboard: The Top 18 Distribution Markets in the United States. Due to Indianapolis’ convenient location, unsaturated market and affordability, it is starting to warrant comparisons to the likes of New Jersey, California, Chicago and Dallas. The report ranked markets based… 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
Photo courtesy of WikimediaJLL – Sustainable Building
Around the U.S. and across the world, more and more cities are placing sustainability at the forefront of their commercial real estate construction. Cities that embrace sustainable building work toward an environmentally, socially and economically healthy place of living for existing residents without compromising the ability of future generations to experience the… Read More
JLL’s Indianapolis Office Project Development Services (PDS) completed 46 different projects in 2015 totaling almost $9 million dollars. The projects ranged from small office renovations to 15 new T-Mobile Retail Store openings, and two new buildings. Indianapolis Project Managers were also able to save their clients an average of 260% of the PDS management fee.
JLL’s fourth quarter report shows the Indianapolis industrial market is stronger than ever. According to the report, about 45 percent of current projects in the industrial market that are slated for delivery next year have already been pre-leased.
A recent article published on REJournals.com went into detail about the state… Read More
INDIANAPOLIS, Jan. 20, 2016 — Central States Trucking, a provider of international supply chain trucking and warehousing, has leased 36,320 square feet at 4557 W. Bradbury in Indianapolis, IN, announced JLL.… Read More
In this edition of Jones Lang LaSalle’s chart of the week you can see the Indianapolis industrial market at a glance. This week’s chart depicts key market indicators and notable lease transactions from Q4. The Indianapolis industrial market continued to grow in 2015, marking the fourth consecutive year that net absorption has increased.
To view past ‘Chart of the Week’ articles, click here.… Read More