Indianapolis industrial construction type varies by location
The Indianapolis industrial market is in the midst of a record-breaking cycle of new construction.
March 05, 2019
- The Indianapolis industrial market is in the midst of a record-breaking cycle of new construction. Since 2016, a whopping 19.3 million square feet of new warehouse/distribution product has been delivered.
- In this map, warehouse/distribution buildings completed since 2016 were plotted on the map and color coded by construction type. When the project point locations were clustered by proximity, a trend emerged of which construction type drives the development activity in a particular area.
- Within Marion County, construction has been primarily owner-built. However in the outlying counties, construction has occurred on more of a speculative basis. The exceptions lie in Lebanon where construction is driven by owner-built buildings and in Mount Comfort where construction has been almost entirely BTS.
- Additionally, the towns of Whitestown, Plainfield, and Greenwood have seen the greatest number of projects.
Source: JLL Research