Tag Archives: downtown

Jobs announcements impact Indianapolis office market

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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

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.

Indiana Manufacturers Association Relocates to PNC Center

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IMA
Graham Summers
Vice President

The Indiana Manufacturers Association (IMA), a trade association focused exclusively on manufacturing, recently relocated its office in downtown Indianapolis from OneAmerica Tower to PNC Center. When the decision to relocate was made, IMA considered the following in its search for a new headquarters:

  • Building image and amenities
  • Connectivity and proximity to the Indiana Statehouse
  • Competitive rent schedule
  • Minimal
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It’s Getting Crowded: Influx of Foreign Investment Causing US Investors to Look Inland

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Inland cities versus coastal hubs

Kevin Gillihan
Vice President

Recent trends have revealed that inland cities are competing with traditional coastal hubs for real estate investor dollars.
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Currently, two out of every five dollars being invested in primary US skylines comes from foreign… Read More

Q2 2015 Indianapolis Office Market Highlights

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market update header
Mike Cagna
Senior Research Analyst

Market fundamentals improving
Leasing activity on the uptick
Leasing velocity has increased in each of the last four quarters amid recovering economic conditions. Already this year we have seen nearly 40 signed deals in excess of 10,000 square feet. While more than half of these deals have been renewals, the amount… Read More

Trouble Finding a Spot?

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AR-141129838By Graham Summers
Vice President
JLL Indianapolis

I’m not talking about the perfect office space (we can help with that); I’m talking about finding somewhere to park your vehicle when you get to the office.

If you are a tenant in Indianapolis, you might notice that you’re spending more time driving around the parking lot and walking… Read More

How Indianapolis Became “The Opposite of Detroit”

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The Atlantic magazine published a thought-provoking story on its website earlier this week with author and Star writer David Masciotra opining on how Indianapolis was spared from the fate of other large Midwest cities like Detroit and Cleveland.

Masciotra offers that the city’s push to develop pro sports and entertainment venues is one of the key reasons for its ongoing… Read More

CHART OF THE WEEK: Jobs Drawing Indianapolis Workers Downtown and the Westside

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  • As the industrial distribution of hub of Indianapolis, the workday population in Plainfield, near the international airport, surges by 24 percent.
  • Downtown Indianapolis operates as the center of the office market which sees its daytime population increase to 949,000 people as workers in the business and professional services, technology and government commute in from the south and northeast.
  • Cities like Noblesville, Fishers and Greenwood see drops in population during the day. However, I-65 and I-69 experience
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