Category Archives: Research

Record-breaking year for Indianapolis industrial market

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JLL Indy Industrial Distribution CentersThe Indianapolis industrial market wrapped up a record-breaking year with 1.2 million square feet of absorption in the fourth quarter. This brings the year-end total to eight million square feet, the highest level of occupancy growth the market has ever achieved in a single year.

Net absorption reaches new historical high

The Indianapolis industrial market wrapped up a record-breaking… Read More

Indianapolis office market finishes 2016 strong

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The Indianapolis office market finished 2016 with strong occupancy growth in the CBD, while the suburbs saw continued investment. Thanks to a burgeoning tech scene, downtown Indianapolis achieved more than 100,000 square feet of occupancy growth this year. This is the highest one-year total in more than a decade. Meanwhile, investment in suburban Indianapolis increased over previous years as several office properties traded hands.

Indianapolis office activity remains strong

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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… Read More

Fundamental Shift in Real Estate – From Cost to Value

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Matt Waggoner
Senior Vice President

There is nearly a 30 percent delta in cost from two similarly aged downtown towers in the Indianapolis CBD. For the sake of saving face, we will define the higher cost building as Building 1 and the lower cost building as Building 2. Building 1 was distressed and bank-owned less… Read More

Investment Outlook

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Chip Barnes, SIOR
Senior Vice President

Recently JLL released its Q3 2015 Industrial Investment Outlook report. The big news is, as of the end of Q3 2015, sales volume has already exceeded full-year 2014 totals. Even better news, this is the 6th consecutive year of positive growth for investment transactions in industrial commercial real estate.

The interesting part… Read More

Employers Looking for Quality Temporary Labor, Not Quantity

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Employers Looking for Quality Temporary Labor, Not Quantity | JLL Indy
Brian Seitz

Executive Vice President

As the leaves start to fall and the Holiday Season approaches, so does the perceived dreaded task of hiring temporary labor for the fulfillment and distribution centers around Central Indiana. I recently attended an industry event to better understand what these businesses had… Read More

2015 Outlook for Law Firms in a Growth Economy and Market

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Mike Cagna
Senior Research Analyst

Indianapolis Law Firm Outlook
Real estate challenges for law firms

  • Availability has declined markedly within the urban core, which firms increasingly desire for talent retention due to its mixed-use nature
  • Strong investor sentiment for core properties will also boost rents higher as
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Lease Accounting Update

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Mike Cagna
Senior Research Analyst

Implications for Commercial Real Estate – Q4 | 2015

Proposed Changes
The Federal Accounting Standards Board (FASB) voted on Wednesday November 11, 2015 to approve a set of long-awaited rules requiring companies to account for most leases directly on their balance sheets. Currently, lease obligations are reported within the footnotes of financial… Read More

Pick it up Yourself | The Next Big Thing in E-commerce

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Matt Dickerson
Senior Vice President

E-commerce giant,, is rolling out a customer pick-up option at select warehouses in test markets throughout the United States. The customer will have the ability to pick up an item ordered the same day. This new option is in addition to Amazon Lockers providing the same customer pick up… Read More