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Despite headlines, Indy retail is growing

  • Like many cities, Indianapolis has had plenty of press covering retail closures. But by compiling a list of retail activity over the course of 2017,  we found that all submarkets had more openings than closings. And in most cases it was by a large margin.

  • Many of the closures were due to national shutdowns, such as Marsh Supermarkets and HHGregg. There were far fewer local brands that closed shop. And in the case of when a restaurant closed, it was often immediately backfilled by another user.

  • 55 percent of openings occurred in the northern suburbs. Fishers/Noblesville had the most openings, but Traders Point/Zionsville had the greatest increase year-over-year. Traders Point/Zionsville also has the largest project under construction (The Shoppes at Anson), so its growth spurt is bound to continue.​

Source: JLL Research​

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