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Indy office market ranks high regionally in terms of growth in 2017

• Among the dozen office markets tracked by JLL in the Midwest/Great Lakes region, Indianapolis ranked high in terms of both occupancy growth and new construction in 2017.

• Led by a burgeoning tech scene, Indianapolis ranked 5th in total office net absorption and 4th among Midwestern/Great Lakes CBDs last year.

• With this solid level of occupancy growth it should come as no surprise that construction in Indianapolis reached its highest level since the recession. In fact, only Chicago experienced more new office construction than Indianapolis’ 544,227 square feet regionally last year.

Source: JLL Research

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