Report | Indianapolis Office Insight - Q4 2015
Indianapolis’s strong business climate is pushing the need for additional office space amid rising tenant demand, and we expect that trend to continue well into 2016.
2015 saw nearly 150 office transactions totaling more than 2.5 square feet close, with only 16 percent of companies involved in these deals actually planning to shrink operations. Investment activity also pushed upwards led by Canada’s Group RMC and its 700,000 square foot grab of primarily Class B space on Indianapolis’s northeast side.
Four major projects are set to open across the city in 2016, bringing over 200,000 square feet of speculative development—with 20 percent of that already preleased.
Learn more about what’s happening—and what we expect to occur in the coming months—in the Indianapolis office market in our Q4 US Office Insight.
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