This has been a bad year for the national commercial and industrial real estate market. The Indianapolis industrial market, however, appears to be bucking that trend, according to a recent study by Cushman Wakefield (CW) of Q2 results. CW found that while most competitive cities in the U.S. have experienced negative absorption in the millions of square feet, the Indianapolis Region has a POSITIVE 1.4 million square feet of activity so far this year.Additionally, the Indianapolis Region industrial market completed construction of more than 4 million square feet of new space, doubling the development of larger cities such as Los Angeles, and a more than ten-fold increase over other large cities like Atlanta.
The report also shows that the Indianapolis market continues to be among the five most affordable large markets in terms of commercial and industrial real estate lease cost.
DOWNLOAD THE REPORT
Comments for Diamond in the Rough: Indy Industrial Real Estate