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Indianapolis office market at a glance…

  • ​The Indianapolis market continued to grow in the third quarter, bringing YTD net absorption to nearly 100,000 square feet. The completed construction of the new Stanley Security headquarters in Fishers and BlueSky Technology building in Noblesville largely attributed to this growth.
  • Six sales transactions occurred, with four of them in the Northwest. Woodland Corporate Park V, VI, and VII were sold by Duke Realty as they continue to exit the office market. INTECH Ten and One College Park also traded hands. Several more properties are currently on the market and are set to close by year-end.
  • Half a million square feet remain under construction, with three-quarters of this total expected to be completed next quarter.​​

Source: JLL Research

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