Indianapolis warehouse investment activity is on fire!
The Indianapolis industrial market has been on a record-setting run since 2016
June 19, 2019
- The Indianapolis industrial market has been on a record-setting run since 2016 in terms of both product delivered and absorbed. This demand has largely been driven by the increased need for centrally located distribution centers. Investors have certainly taken notice!
- From 2013 to 2017, 53.6 million square feet of warehouse inventory traded hands throughout the Indianapolis MSA. Last year, investment transaction volume soared to 15.4 million square feet, nearly three million square feet higher than the prior peak in 2015 and five million square feet greater than the historical annual average.
- In just six months, we’ve already seen nine million square feet of acquisitions close this year. Another six million square feet is currently under contract and expected to close by the end of 2019. Another 13.1 million square feet is actively being marketed.
Source: JLL Research