Tag Archives: lease

JLL Dominates the Indianapolis commercial real estate lists

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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… 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… Read More

JLL Chart of the Week: Indianapolis Skyline

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PowerPoint Presentation
JLL Research

  • The Indianapolis Skyline offers one of the best values in the entire United States. With a current average asking rental rate of $20.88 per square foot, full service gross, Indianapolis ranks 3rd out of 43 U.S. Skyline markets.
  • The national Skyline average asking rental rate is $36.06 per square foot, full service gross.
  • Read More

Choosing an Industrial Broker to Lease/Sell Your Building

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By Steve Schwegman
Senior Vice President
Jones Lang LaSalle

One of the most critical decisions facing an owner of industrial real estate is choosing a broker to market a vacant building for sale or lease.  After all, driving the highest value in the shortest time is imperative to the return on investment.  Carefully selecting the… Read More

The ‘Blend and Extend’ – Dead or Alive?

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By Graham Summers
Jones Lang LaSalle

Three years ago, when the market was hitting rock bottom, a concept was re-introduced in an effort to increase value for landlords and decrease occupancy costs for tenants.

The transaction structure, referred to in the industry as the “blend and extend”, involved a tenant renewing its office lease… Read More

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Relocating Can Be More Expensive Than You Think

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By Brian Buschuk
Jones Lang LaSalle

Many tenants look at relocating as a way to cut costs once their lease is set to expire. At the end of the day, though, it could cost them more than renewing — even with a small rent increase.

Individually, the expenses are not huge, but they can add up… Read More

Spec is Back in Indy

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For the first time since before the Great Recession, speculative office development is back in Indy.

A three-story, 81,000-SF building is now being marketed for lease on Indianapolis’s Northside, where virtually all of the 700,000 SF of positive net absorption in the metro area occurred last.

JLL’s John Robinson helps explain the developer’s rationale in this week’s Indianapolis Business Journal:

“With no new construction, it doesn’t take an economics major to figure out supply

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Who has the Industrial Advantage? Landlord or Tenant?

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By Brian Buschuk
Jones Lang LaSalle

Where has all the free rent gone? A few years ago, Industrial vacancy rates were higher and landlords attempted to beat their competition with free rent for new deals and even renewals.

As the Indianapolis industrial market continues to tighten, the market is turning and landlords are offering less free… Read More

Industrial Team in the News

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Our JLL Indianapolis Industrial team has been catching the attention of the media lately:

Midwest Real Estate News was among several media outlets to report on the team’s work on behalf of First Industrial Realty Trust to lease 84,000 SF at the Shadeland Commerce Center to ABC Supply Co., the largest wholesale distributor of roofing in the United States.

The same publication also reported on the team’s new assignment from Industrial Income Trust as… Read More