Tag Archives: leasing

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

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

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

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 Completes 37K SF Office Leases in Carmel Tech Center

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JLL announced the completion of five leases totalling 37,116 square feet at Carmel Tech Center, a master-planned business park in the Indianapolis market. JLL represented the landlord, Hendricks Commercial Properties, LLC, in the transactions.

The 209,000-square-foot, three building development is strategically positioned on West Carmel Drive, in the heart of the Carmel, IN submarket. Carmel… 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

Investor Interest Remains High for Skyline Properties

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JLL Marketing & Research

Investment activity among Skyline product has picked up steam recently. After a five year period (2007-2011) where no investment activity occurred, 40.0 percent of the Skyline has traded hands in the last three years. The most recent transactions include Regions Tower and Market Tower trading in 2014. These properties total more… Read More

JLL Market Share Assessment

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jll_marketshareJLL Position in the markets – Office Agency Leasing by RBA: 100,000+ s.f.
JLL Indianapolis remains #1 at 21.1% market share
– JLL retains #2 overall market position but gains share; remainder of top 5 flat
– JLL remains #1 provider for Skyline properties in primary markets
– JLL close #2 provider for share of… Read More