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Indianapolis retail market at a glance…

• National brands such as Alex & Ani, Nespresso and Drybar have chosen Indianapolis as their first Indiana location. Online retailers Warby Parker and Untuckit are also opening up physical stores. Both will be new tenants in the Fashion Mall.

• Several large blocks of space will be vacated in the coming months. Carson’s, Sam’s Club, and Toy’s R Us are closing stores around Indianapolis. Although these spaces present a challenge to backfill, they also create an opportunity to redevelop or find higher paying tenants.

• Despite a changing and evolving retail environment, developers are still betting on Indianapolis. The Shoppes at Whitestown is the largest project currently under construction at 300,000 square feet. The proposed Bottleworks District could bring 175,000 square feet of new retail space to Downtown.

Source: JLL Research

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