Report | Indianapolis Office Insight - Q1 2016
Indianapolis has seen a strong start to 2016 with five leases signed in Q1 in excess of 40,000 square feet each. Only seven deals were done of that size throughout all of 2015.
We also expect two or three more significant transactions to close at some point this year. One could be the biggest deal seen market wide since 2011.
Investors have also felt positive momentum over the last quarter. Seven properties changed hands in Q1—with five of those located in the CBD. Two of the properties will be hotels converted from Class B office space.
Learn more about what’s happening right now in Indianapolis—and what we can expect over the next couple months—by downloading our Q1 2016 US Office Insight.
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