Indianapolis retail market at a glance…
- New retail construction projects are quickly filling up with tenants. The Shoppes at Whitestown and the MarketPlace at Saxony are just two examples of projects under development that are already almost fully preleased.
- Entertainment venues such as laser tag, small screen theaters, and axe throwing are a growing retail trend taking place across the Indianapolis MSA. Over 10 different venues have already been announced this year with 62.0 percent occurring in the third quarter alone!
- Local breweries continue to expand. Sun King, Scarlet Lane Brewing Company, and Upland Brewery have all announced multiple new locations this quarter. In addition, several other microbreweries opened their first location in September.
Source: JLL Research