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Indianapolis office market at a glance…

​As expected, the Indianapolis office market rebounded from a slow start to the year posting 121,000 square feet of net absorption this quarter. The majority of this occupancy growth occurred in the CBD as Salesforce moved into its new office space in the since renamed Salesforce Tower. 

The suburbs also saw increased activity. Led by the Northwest (31,000 square feet), all four of the major north side submarkets achieved occupancy growth in the second quarter. This market wide activity led the metro area vacancy rate to lower back below 17.0 percent.

Investment activity continued as four more sales closed this quarter bringing the year-to-date total to 12. There have been two owner/user sales so far this year as well.​

Source: JLL Research

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