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United States | Indianapolis, IN

Report | Indianapolis Office Insight - Q3 2015

Summary

Leasing velocity increased for a fifth consecutive quarter, with more than 60 deals signed in excess of 10,000 square feet, year-to-date. 

Nearly half of these deals are either new to Indianapolis or expansions within the market, leading to to 184,000 square feet of net absorption so far in 2015. 

As a result of this strong occupancy growth, the overall office vacancy rate currently sits at 15.7 percent, down 1.5 percentage points from midyear. 

Learn more about what’s happening—and what we expect to occur in the coming months—in the Indianapolis office market.

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