Tag Archives: spec

Spec Industrial Development Continues to Surge in Indy

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By Jake Sturman
Jones Lang LaSalle

Our team has determined there is currently 3.5 million SF of spec industrial space being built here, and, luckily for Indianapolis, it looks like much of this product will be filled before Q1 2014.

Chicago is the only city with more spec activity in the Midwest, with 7 million SF in the past 12… 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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