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Indianoplace? Hardly! Indy CBD running with the big boys in 2017

  • Bolstered by an emerging tech scene, downtown Indianapolis currently ranks 13th nationally in terms of net absorption at the midpoint of 2017. Taking a more regional look, Indy trails only Chicago in the Midwest. But when market size is taken into account, the Indianapolis CBD trumps Chi-town with net absorption totaling 0.9 percent of total inventory compared to 0.6 percent.
  • Affordability remains a calling card for downtown Indy. CBD average asking rents currently rank as the 6th lowest in the nation at $20.88 per square foot despite an increase of nearly 4.5 percent year-over-year.​

Source: JLL Research

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