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Indianapolis industrial market at a glance…

  • ​With one quarter remaining, the market is within one million square feet of breaking the previous record for construction in a single year. Once all this construction comes online, 12.0 percent of Indianapolis’ industrial stock will have delivered in the past four years.
  • Leasing activity reached five million square feet in back-to-back quarters for the first time in two years. Several of these tenants will not move in until next year leading us to believe that net absorption will return to the five to seven million square foot range in 2018.
  • Investor interest remains high. Several sales closed this quarter and historic cap rates could be reached again as 2017 wraps up.​

Source: JLL Research​

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