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Investment in Indy suburbs continues to grow

• Following a near 50-50 split in 2016, suburban office sales accounted for three-quarters of all investment activity in the Indianapolis MSA last year. This marks the third consecutive year that suburban sales volume has increased.

• The sale of several large office parks in recent years has contributed greatly to this rise in suburban investment activity. In the past three years alone, four of the five largest office parks in Indianapolis have traded hands (Parkwood Crossing, Precedent Park, Castleton Park and Hamilton Crossing).

• Will this trend continue in 2018? It’s entirely possible, as several prominent offerings remain or soon will be coming to market. So far, three investment sales have already closed this year. BMO Plaza in the CBD and Two & Three Meridian Plaza in North Meridian/Carmel being the most notable.

Source: JLL Research​

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