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 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
The 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 year with 1.2million… Read More
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
JLL Indianapolis Research
When we open the door and look at the food in our refrigerators, we often don’t consider the complex chain of logistics that are involved in getting it there. The process of getting fresh food into our homes requires a continuous source of coldness that extends from chilled packing plants and food factories, to a network of chilled warehouses, to fleets of refrigerated trucks and trains, all the way to grocery store aisles.… Read More
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
This time last year experts claimed the imbalance between supply and demand in the industrial market would be temporary. And they were right. Data shows the industrial market in Indianapolis is back on track.
After a recent report from JLL was released, we can see developers actually finished around 6.0 million SF of new construction in the Indianapolis metro… Read More
INDIANAPOLIS, January 26, 2016 – Best Choice Products, a seller of direct-from-manufacturer products for children, pets and households, has signed a lease for 176,000 square feet in the Plainfield Business Park in Plainfield, Ind. This bring the 352,960-square-foot building to full occupancy.
JLL Senior Vice Presidents Chip Barnes, SIOR, and… Read More
INDIANAPOLIS, January 21, 2016 – Watkins & Shepard Trucking Inc., a Missoula, Montana-based operator of 1,500-plus truck trailers throughout the United States and western Canada, has signed a new lease for 51,681 square feet at 5220 West 76th Street in Indianapolis, also known as Building 71 in Park 100 business park and industrial complex.… Read More