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Indianapolis retail market at a glance…

  • ​Over 470 retail openings and renewals were announced in 2017! Dining, especially casual restaurants, was the most active sector. The Carmel/Westfield and Fishers/Noblesville submarkets accounted for a third of retail openings activity.

  • Retail closures received a lot of press in 2017, and it’s true that there were more closings year-over-year. But this is not the full story. Much of this space already has a new tenant in place, and some were backfilled immediately.

  • Investors were active throughout 2017, as sales volume topped $162 million. The Southside/Greenwood submarket had the most sales. The Fishers/Noblesville submarket had the highest price per square foot.​​

Source: JLL Research

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