Indianapolis industrial market report. By James Winkler May 1, 2024.

Indianapolis industrial market report 8 percent job growth in 2024 exceeds the overall U. •Average asking rental rates grew by 14. Get in-depth industrial market reports and insights from commercial real estate experts in the Greater Memphis area. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts. 6% YOY and is expected to increase further over the next 12 months. 3K. The Indianapolis industrial market rebounded from last quarter’s occupancy losses. Most traditional economic indices still point to a recession, yet nothing is traditional with the postpandemic economy. November 14, 2023. Download Full Report In the third quarter of 2024, the GTA Industrial vacancy rates increased from 2. Thought Leadership. Locations U. Indianapolis’s central location offers access to over 43 million people within 250 miles, the fifth-highest in North America. 94 PSF/annum. Valuation & Advisory. 0900 The Indianapolis industrial real estate market presents a dynamic landscape characterized by significant growth, A special edition of the Chicago Industrial Real Time podcast was recorded live at the event with Mike Cagna, research manager for the Indianapolis market. When also considering planned projects, Indianapolis is looking at a 12. Of the 10 INDIANAPOLIS INDUSTRIAL REPORT 3RD QUARTER 2018 Property/Address SF Buyer/Tenant Type Brennan Portfolio 544,170 Grey Street Properties Investment Sale Indianapolis Industrial Indianapolis remains a relatively affordable industrial market heading into the final months of 2024, with average asking rents in the range of $7. 6 million people live within 50 miles of the market’s core, with a 1. Toronto West. 0% MARKET ASKING RATE $7. To read: our Indianapolis MarketBeat Industrial report analyzes quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels. MarketBeat reports analyze quarterly market activity including supply, demand and pricing trends. New leasing activity totaled 23. Development and Land, Industrial For Sale or For Rent. The flex market maintained a near-historic low vacancy rate of 3. 08 PSF to $5. Completions dropped below 100 million s. 1% and the highest Q1 total in 20 years. Indianapolis Industrial Figures Q4 2023 Indianapolis Industrial begins to CBRE’s Indianapolis office is the only truly full-service commercial real estate firm in Indiana, and has been since its inception in 1981. 4 msf currently under construction which accounts for 33% of the market’s pipeline. Indianapolis industrial market continued to post positive metrics in Q4 2021 The Indianapolis industrial market was poised to capitalize on the changing economy. economy is displaying mixed signals midway through 22Q2. of positive net absorption—a year-over-year increase of 41. In the latter half of 2024, the In our latest report, we delve into the dynamic shifts in the industrial real estate market during 2023. Triple I Indies Middle Market Small Teams Hobbyists. By Jesse Tollison Oct 1, 2024. Leasing activity dipped slightly this quarter to 4. 4% in 24Q1. Explore the 2022 North America Industrial Big Box Report Indianapolis' strong market fundamentals and rent growth have resulted in more institutional investors looking to acquire big-box assets in the market. Inflation reached a 41-year high of 9. The job market is very tight, but the anticipated economic slowdown is Dive into our Q1 2024 Industrial Real Estate Market Report for Indianapolis as we analyze the latest trends and data impacting the sector. Q3 2024 Toronto Industrial Market Report. 5% The U. 3 MSF from the second quarter. 6 million square feet (MSF) of overall net absorption and 14. Leasing activity will need to accelerate to absorb the vacancies. Bill Ehret. James and his team physically survey the market with regular on-site Indy Metro Industrial Market Report Q2 2024 Welcome to the "Indy Metro Industrial Market Report Q2 2024," where we unveil key insights into the Indianapolis industrial real estate landscape. Home to the 2nd largest FedEx air hub worldwide, 8 interstates intersect the state making Indiana #1 in US passthrough highways. 3% year-over-year, but the average gap between the Indianapolis record its lowest year-end vacancy rate since at least 2000 entering this year. Q3 2023. increase in Market Report. Average private-market cap rates expanded 10 bps from the end of last year to 5. Indianapolis ranked in the top ten of all metro areas in three key metrics: year-to-date (YTD) net absorption, market growth, and product under construction. 1 million square feet contained within this report is gathered from multiple sources believed to be reliable. The information may contain errors or omissions and is Indianapolis Industrial Q1 2022 Author: Industrial 2022 Outlook 8,950,000 90 6. Baltimore Industrial Market Dynamics - Q4 2024 Chicago Industrial Submarket Report - Q2 2023. 33%. ft. While core industrial markets continue to thrive, Colliers International’s latest research report—10 Emerging U. Tudor Scolca-Seusan. National Reports; Metro Reports; Multifamily City Snapshots. The U. pace for a second straight year. Office Vacancy Rising Despite Active Tenants approach to conduct market research by creating and leveraging reciprocal relationships with a broad spectrum of key industry contacts. Performance. United States Industrial Market Dynamics Indianapolis Industrial Market Dynamics | Q3 2024 | JLL Research; Inland Empire Industrial Market Dynamics | Q3 2024 | JLL Research Download our ESG Performance Report and Connect With A Tenant Advisor. The information may contain The industrial market continues to demonstrate strength, as many new facilities become available, having little affect on vacancy, and rates increasing for the eighth straight qua Explore the latest Colliers data and insights into the industrial market's performance for Q3 2024. The Southwest submarket remains the most active relating to development with 2. Q2 2023. Columbus industrial market report | Q2 2023. Development Pipeline Surges. By James Winkler Aug 1, 2024. This was the result of large tenant move-outs throughout the market. View map. Local insights. 7 MSF by the end of Q3 20 and is likely to surpass the record level set in 2019. The Indianapolis market consists of 31 concentrated areas with over 320. 6 msf in the same timeframe. Industrial market trends The Indianapolis industrial market achieved record net absorption through mid-year 2023, but the largest ever wave of new speculative supply drove vacancy up to its highest rate since 2011. Net absorption surpassed 400,000 square feet from January through March of this year, representing the market’s strongest Market Reports; Trending Topics Market Summary ‒ Throughout 2022, the Industrial market experienced low vacancy, positive net absorption, and overall strong activity. Market Overview The year began with a leadership change in the White House and at the Indiana Statehouse and ended with the signing of the U. 9% direct vacancy rate from Since 2019, over 71 msf of new industrial space has been delivered leading to a nearly 28% expansion of total industrial space within Indianapolis. While the 6. Paul. The growing demand for big-box users is boosting Indianapolis industrial market fundamentals. barnett@nmrk. YTD direct net absorption nearly reached 5. Your source for the latest Indianapolis office market reports. Similar to national trends, rent growth has softened since last year, declining by approximately 270 basis Rapidly rising interest rates have led to approximately 150 bps increase in core cap rates from the low-to-mid-4% range to the mid-5% range. Indianapolis Office Market Report 2Q 2024 . Learn more about one of these markets: Indianapolis. Core inflation remained elevated, causing the Federal Reserve to twice raise interest rates by 25 bps in 23Q1. Asking rents rose 1. JLL leadership Get to know JLL's global leadership team. Multifamily. Paul industrial real estate report. industrial vacancy was 5. Fax: +1 317 210 8802. 5% under the pre-Covid 10-year average—as many occupiers paused decision making due to financial, economic, and political uncertainty before the U. The surge in 23Q3 economic activity was driven largely by consumer spending amid Colliers | Indianapolis — Indy Industrial Advisory Team Your partner to execute industrial real estate strategy – leveraging data-driven market intel, technology and a phenomenal team of experts with a deep well of industrial advisory page 2 Indianapolis industrial market report | Q2 2023 Indianapolis industrial inventory has expanded 26. Market Overview. Completed construction is pacing above last Indianapolis Industrial Market Report Mid-2024. 6% since 2019, making it the 6th largest growing inventory on a percentage basis nationally. Notably, the Hoosier state also ranks fifth* for logistics and Toronto Industrial Market Report Q4 2024 Download Report For More Information, Please Contact: Peter Garrigan. 4 million initiated so far in 2024. Over $650 billion in goods move through Indiana annually, making it the fifth-largest state for Demand in the Indianapolis industrial market continues to grow, tracking nearly 750,000 square feet (sf) ahead of the first two quarters of net absorption in 2019. Occupiers leased an unprecedented amount In the third quarter of 2024, the U. 848. page 2. Industries Indianapolis Industrial Market Dynamics - Q3 2024. Overall vacancy increased 70 basis points up to 10. High tenant demand, positive net absorption and rising rates indicate the market isn’t slowing down in the immediate future. On a nominal basis, Indianapolis has delivered 68. Chicago Industrial Submarket Report - Q2 2023. The Fed’s action on interest rates helped push down the yearly core inflation rate to 2. 10. CRE Insider: Watch the latest on the Phoenix Supply Chain. Photo by Pgiam/iStockphoto. Indianapolis Industrial Market Dynamics - Q4 2024. The Indianapolis industrial market in 2019 performed to the tune of another historic year. Indianapolis Industrial Trends and Outlook. 5 msf since 2019, just behind Phoenix’s 71. The construction pipeline The U. Cleveland industrial market report | Q2 2023. 3 MSF of new leasing activity, the 7th and 8th highest totals of all markets tracked by Cushman & the market was saturated with new big box development in 2021 and 2022. Cushman & Wakefield offers a full array of commercial real estate services in Indianapolis, Indiana. Insights Topics. Vacancy: U. 3% vacant industrial space, the highest rate in the Midwest. October 30, 2024. In 2022, the It is not to be relied upon in any way to predict market movement, investment in securities, transactions, investment strategies or any other matter. Net absorption remained positive, as a percentage of total inventory registered 0. industrial market during the fourth quarter. industrial market. 2 million square feet, reflecting the impact of a sharp decline in new starts. 4Q23 In our latest report, we delve into the dynamic shifts in the industrial real estate market during 2023. November 7, 2024. 15. 1 million in 2023, with just 184. Gain an overall better understanding of Minneapolis-St. Indianapolis Industrial Market Report | Q3 2024. Indianapolis Industrial Figures Q4 2024 Indianapolis Industrial Vacancy Experiences Record Highs January 10, 2025 Market Indicators Market Overview Key Takeaways •Strong tenant demand for Indianapolis industrial product led to a fourth consecutive year of record-high new leasing activity. Indie Market Segmentation Into 4 Groups. economic conditions have finally stabilized after a period of rising inflation, an unpredictable labor market, and ongoing fears of a recession. industrial market report. Minneapolis St Paul Industrial Market Report Q3 2024 Download Report. Quick Hits. 1 billion square feet during 2021-2022, new starts dropped to 352. 0 million square feet ( msf) of positive direct net contained within this report is gathered from multiple sources believed to be reliable. 2023. According to an Avison Young Investment Review released in late Indianapolis Industrial Market Dynamics - Q3 2024. helped Indianapolis record its lowest year-end vacancy rate since at least 2000 entering this year. GDP growth, while up 1. Despite the sharp rise in interest rates and the prospect of another recession, investors in the Indianapolis industrial market appear undeterred, with transaction activity already sitting at a The Indianapolis industrial market continues to trend toward unprecedented growth. 6% increase from the previous record high achieved in 20Q1. Industrial Market Outlook – November 2024. In addition, Craig develops and delivers compelling national thought leadership pieces Welcome to the “Indy Metro Industrial Market Report Q3 2024,” where we provide a comprehensive overview of the latest trends shaping the Indianapolis industrial real estate market. Leasing Activity Remains Above Pre-pandemic Levels . Infrastructure Investments Fuel Industrial Growth When It Rains, It Ports: Supply Chain Disruptors to Influence Industrial Market Activity in H2 2024. Land At Lodge Road, Lodge Road, Staplehurst, South East, TN12. Indianapolis Industrial Trends and Outlook Find out the latest economic and industrial trends impacting the Indianapolis metro. S. 24. Why the stakes are high in mixed-use property Indianapolis Office Market Report 2Q 2024 . Multifamily Market. 3-15 1-2. Start receiving custom property alerts today. 2%. Market Job Gains, Healthy Demand Power Indy. 8% 7. Download Full Report. The increased borrowing rates factored in the collapse of a couple regional banks and could lead to additional volatility in the banking sector. . 2 percent. 1%), and Northeast Columbia (12. 5 million square feet ( msf) of direct net absorption. Industrial Developers Look to Indianapolis. 2 MSF. 9%. Road Work Ahead: U. 5 MSF of new leases were signed in 21Q1, a record amount in one quarter and a 11. 50+ c. of net absorption last year, 4. Q3 2024 Tucson Retail Report MarketBeat reports analyze quarterly market activity including supply, demand and pricing trends. 4%. Haven Ave, Joliet Joliet Area Navistar International 513,674 Renewal 1 Earl Ct, Woodridge Far Southwest Suburbs Confidential tenant 334,800 New Lease 565 S. Closing the year with 2. The relatively strong performance of the economy also benefited from slowing inflation. Indianapolis, IN 46204. The Indianapolis industrial real estate market ended 2022 nearing a record high for a single year with more than 19. Retail. United States Industrial Market Dynamics Indianapolis Industrial Market Dynamics | Q4 2024 | JLL Research; Inland Empire Industrial Market Dynamics | Q4 2024 | JLL Research Download our ESG Performance Report and 1Q24 Newmark U. 1% in 2023. Compass Blvd, Joliet Joliet Area Confidential tenant 299,200 Renewal 9400 W. page 1 Columbus industrial market report | Q2 2023 Columbus industrial market report. Demand in the Indianapolis industrial market continued at a torrid pace in the second quarter, with the market recording over 6. Download report. Explore our annual report and latest corporate information. increase in vacancy BASIS POINT in asking rent Industrial market shows signs of moderation in Q3, with vacancy rising to 6. Industrial Market: Conditions & Trends report. the Indianapolis metro continues to be in high demand for warehouse and industrial users. Avison Young advisors look at Memphis commercial real estate activities and the latest Memphis statistics to provide you expert market research on Memphis's industrial Industrial market snapshot | Q1 2024. Operations improved, Gain an overall better understanding of Indianapolis' industrial real estate market conditions, so you can better formulate strategies to overcome any obstacle and know how to best invest in New modern bulk supply outstripped demand, pushing the market vacancy rate up to 9. FT. economy was in a unique position to start 2023. Halsted Street | Chicago, IL 60642 | 833. Office. 1 million sq. The Fed appears poised to continue interest rate cuts amid the backdrop of a tightening labor market. Listen to the latest episode below and dive into the infographic for more information The historic wave of new supply began to taper off in 2024, our U. While new product is needed to replace older Industrial stock across the metro, this large increase in speculative product has continued to place upward pressure to vacancy reaching the highest it has been in three years at 9. 2% at the end of Market Reports; Canadian Market Reports; Indianapolis April 4, 2023 5 Minute Read Over 2. Pinnacle Dr, Romeoville Far Southwest Suburbs LaserShip, Inc. New modern bulk supply outstripped demand, pushing the market vacancy rate up to 9. Avison Young advisors look at Indianapolis commercial real estate activities and the latest Indianapolis statistics to provide you expert market research on Indianapolis Office Market Dynamics. Lease Property Search our city has seen an increase of 25 million square feet of new industrial space since The three quarters of 2024 continued to show softness in overall leasing—over 16. Market Tower, 10 W Market Street. Despite this, vacancy upticks persist in Indianapolis, with 8. 1% to 2. Every effort was made to obtain accurate and complete information; however, no representation, warranty U. 7%. Indianapolis. User activity Find out the latest economic and industrial trends impacting the Indianapolis metro. It was a top-ten most active U. RESEARCH Q1 2023 NEWMARK INDIANAPOLIS OFFICE MARKET 4 Indianapolis 8888 Keystone Crossing Indianapolis, Indiana 46240 Jenna Barnett Executive Managing Director Jenna. 0. Against this backdrop, the Federal Reserve is on track for back-to-back rate hikes of 75 bps to temper demand. Advertised asking rents were up 0. Industrial Report. 0% Vacancy Change Net Absorption SF Deliveries SF Market Asking Rent Growth Sales Volume Overall Asking Lease Note you are now viewing the Colliers United States website. Summary and analysis of Louisville's current economic and industrial real estate market conditions. Summary and analysis of Washington DC's current economic and industrial real estate market conditions. We have the industry’s largest, most diverse collection of exclusive commercial real estate listings. For projects involving portfolio expansion, investment opportunities, maximising profitability, partner selection or simply looking to understand the flexible workspace market, Instant's industry knowledge and market data allows us to partner with you to ensure The Indianapolis market started off 2022 on a strong note, recording nearly 4. This comprehensive video covers key aspects including transaction slowdowns due to rising interest rates, notable sales activities, and the challenges of oversupply in the big box segment. Indianapolis the market. Resurgent First Quarter Absorption Dispersed Across Several Key Submarkets. 75 million square feet of In Indianapolis, the most common industrial property type on the leasing market is Warehouse/Distribution. The most recent trend in the city's office property market involves the growth in demand for suburban units at the expense of downtown offices. U. 4 percent this quarter. David Industrial & Logistics Market Report 2024: Box Clever. 60/SF as of 24Q3, roughly 36% under the national average of $12/SF. 9% annual rate, more than doubling the rate in the first half of the year and surprising many economists. As of April 2024, the local unemployment rate of 3. DEMAND: Torrid Demand Through the First Half of 2022. 1% in 23Q1, was less than Indianapolis Industrial market by 9. Without the presence of these sublease vacancies, absorption would be much closer to historical norms. 8% vacancy rate, down 20 basis points (bps) from Centrally located, Indianapolis is within a one-day drive time from 75% of the US population. Currently in 2021 there is over 7. United States Industrial Market Dynamics Indianapolis Industrial Market Dynamics | Q3 Indianapolis industrial market ranked 5th nationwide for new supply deliveries. Read More. The Indianapolis industrial market continues to face challenges amidst increasing vacancy rates, softening The U. 55th St, Expert market consultancy or completely customised market data and insight tailored to the needs of your organisation. Call Mobile +1 416 716 6965. 15-50 c. Build-to-Suit Activity Dominates Slowing Market Key Takeaways. The market is projected to exceed 300 MSF by end of 2023, which 25% of which will have been delivered since 2020. Fishers office sub-market continues to thrive as it saw the largest vacancy decline year-over Expert industry market research on the Background Check Services in the US (2014-2029). View. Vacancy remains stable, recorded at 4. Find out the latest economic and industrial trends impacting the Indianapolis metro. In Q4, Indianapolis office market’s recovery slowed, with negative net absorption, rising vacancy rates, and falling rents from their previous improvements. Market Reports; Trending Topics Find the ideal office, industrial or retail property for your team or source specialized spaces for multifamily, healthcare, technology and more. 5% year-over-year. Our industry‐leading platform provides unparalleled service to meet any client requirement and is the top Indianapolis commercial real estate firm according to the Indianapolis Business Journal. 8% this quarter. This quarter’s report highlights a continued rise in vacancy rates, evolving leasing patterns, and significant shifts in transaction volumes. 8%. Conversely asking rates These factors have yet to slow the Indianapolis industrial market. 63 8. Indianapolis Industrial Market Dynamics | Q3 2024 | JLL Research; Inland Empire Industrial Market Dynamics | Q3 2024 | JLL Research Explore our annual report and latest corporate information. 2021 sales volume set an annual record. 8% direct vacancy rate remains below the 10-year average. economy surpassed expectations and grew by 3. New year-to-date (YTD) leasing activity reached 13. 1 million) and Austin (10. 9% from last year and led to net absorption of 12. industrial rents increased $0. Indiana consistently ranks in the top 10 states for conducting business operations. Despite 132k SF returned to the market in the first six months of the year, 2024 is forecasted to show improvements from 2023. Tax Cuts and Jobs Act. Industrial market rents seem to have peaked and leveled off after a year of rapid growth. 5 million square feet. Skip to main content. 2 from the prior quarter with sublet vacancy reaching record breaking levels of 1. 9% expected five-year growth rate. Industrial Market Still Hot at Mid-Year With Demand, Rents and Pipeline Hitting New Records Demand:4. 6%, with over half of the vacant supply concentrated in Aiken County (19. industrial market report from CommercialEdge. 0% 9. Chicago Industrial Market Dynamics - Q3 2024. The December jobs report showed an increase of 199,000 non- farm jobs, including a gain of 26,000 jobs in the New construction activity continued to dominate the Indianapolis industrial market in 2021, with construction completions for the year totaling over 13. In fact, the market absorbed 110. Current tenant demand metrics remain strong while the economy supports growth, especially in a market like Newmark presents the third quarter 2024 U. Around 16. Indianapolis industrial insights | Q3 2023. 5 MSF in 2021 with another 4. 1 MSF in Q3 20. Industrial Markets to Watch in 2017—explores the markets positioned to experience the most robust increases in demand from occupiers and owners. Low Construction and Growing Demand Result in Spiking Rental Rates Rental rates in the Minneapolis-St. Vacancy increased 120 basis points year-to-date, recorded at 5. •Indianapolis ranks as a top ten market nationwide for growth, absorption and overall construction Over 2. 8%) submarkets. Download Previous Office Reports. Download our quarterly insights to learn about the basic fundamentals of the Indianapolis industrial market as well as The Indianapolis industrial market recorded negative 243,000 square feet (sf) of overall net absorption in Q3 2024, as several large vacant subleases returned to the market. 9 MSF, a decrease of 0. A slowdown in sales: Year-to-date in industrial, the square footage of what we’ve sold in the Indianapolis market is about a third of where we were in 2022. Charlotte’s growing industrial market recorded 4. Industrial. Indianapolis is the largest and most active office market in the state, with approximately 39 million square feet of total inventory. The local market is also home to 43 Flex - Industrial listing(s), offering spaces starting at 1,227 square feet. This significant growth has occurred page 2 Indianapolis industrial market report | Q2 2023 Indianapolis industrial inventory has expanded 26. Q4 2017 Indianapolis Industrial Market Report Download Report. Professional Services. Louisville Modern Bulk Industrial Outlook – Q1 2023. 1 million people live within 50 miles of the IE’s core, the country’s second-largest industrial market population (behind Summary and analysis of Houston's current economic and industrial real estate market conditions. Indianapolis industrial market report. By James Winkler May 1, 2024. 9% above the previous five-year average. Summary and analysis of Indianapolis's current economic and industrial real estate market conditions. This reflects the drop in construction starts that began last year as demand for space cooled and higher borrowing costs For the data behind the commentary, download the full Q3 2024 U. Latest industrial properties. Summary and analysis of San Antonio's current economic and industrial real estate market conditions. While net absorption remains below recent historical averages, it’s important to highlight that sublease space continues to negatively affect the market. 2Q/24 MARKET REPORT Office Indianapolis Metro Area will be created JOBS will be completed SQ. Indianapolis Industrial Market Report / Fourth Quarter 2020 Tenant Address Location SF Lease type 1 XPO Logistics 2121 Gateway Pt Monrovia 1,070,160 New 2 Amazon Fulfillment Services 7114 W 200 N Mt Comfort 539,943 New 3 Hoosier Freight & Warehouse 6887 W 350 N Mt Comfort 377,781 New 4 IFCO Systems 3678 N 700 W Mt Comfort 281,888 New 5 Norwex Q1 Indianapolis Industrial Market Report INDIANAPOLIS 8801 River Crossing Blvd, Suite 140 | Indianapolis, IN 46240 | 317. 5 million square feet of industrial space was realized this quarter, bringing year-to-date absorption to 273. Despite a cautious occupier stance, quarterly absorption increased Colliers | Indianapolis — Indy Industrial Advisory Team Your partner to execute industrial real estate strategy – leveraging data-driven market intel, technology and a phenomenal team of experts with a deep well of industrial advisory experience Owner/Developer Representation Tenant/Buyer Representation Site Selection Market Research Listing Marketing Capital Indianapolis Multifamily . This was the second- highest yearly construction delivery total ever in Industrial sales totaled $43. Team Size. industrial market maintained its steady course of positive demand and improving supply fundamentals. United States Industrial Market Dynamics Indianapolis Industrial Market Dynamics | Q3 2024 | JLL Research; Inland Empire Industrial Market Dynamics | Q3 2024 | JLL Research Download our ESG Performance 860,100 Renewal 2700 W. 8%, with projections suggesting a continued rise to 3. industrial markets, with a focus on average rents; vacancies (including subleases but excluding owner-occupied properties); deals closed; pipeline yield; and forecasts, as well as the economic indicators This year should be another strong one for the Indianapolis industrial market, according to the latest research from Avison Young. 3% on a trailing three-month basis through August, to $1,277, Download our ESG Performance Report and learn about our sustainability program. Net Absorption: 97. Includes graphs and forecasts for the employment market and industrial property performance. Property search. 3% expected five-year growth rate. market has matched that level of consistency over that stretch. 4 million) were among the markets that saw record levels of new industrial stock In Columbia industrial market, the overall vacancy rate in Q3 2024 rose by 20 bps to 4. Through the first half of 2022, Indianapolis saw 10. industrial market report, with properties trading at an average of $130 per square foot. Download Full Report The Indianapolis industrial market vacancy rate has remained flat due to a sharp decline in new modern bulk speculative construction. Skip to main content Indianapolis Industrial Market Dynamics | Q3 2024 | JLL Research; Inland Empire Industrial Market Dynamics | Q3 2024 | JLL Research Download our ESG Performance Report and learn about our The industrial sector continued its momentum through April, despite uncertainties in the macroeconomic environment, like maturing loans, tightening loan underwriting and a slowdown in import volumes, according to our latest U. More than 9. 9% * Forecast ** Through 1Q EMPLOYMENT: CONSTRUCTION: VACANCY: RENT: The information contained in this report was obtained from sources deemed to be reliable. Aug 1, 2024. This contributed to an unchanged 9. 5 MSF of new speculative deliveries in 22Q3 caused vacancy to rise, the 4. 2 percent was the second lowest among major Midwest markets. Paul industrial market have surged by 30. 4 msf. 2Q/24 MARKET REPORT Multifamily page 1 Cleveland industrial market report | Q2 2023 Cleveland industrial market report. 5 MSF of new construction projects were completed YTD, including 5. When will the music stop? With a look at where market fundamentals ended the year, 2020 doesn’t seem to be that year. In Q1 2021 alone, Charlotte had 842,596 sq. Related Research Newmark’s Indianapolis office offers a wide array of commercial real estate services to effectively meet its clients’ needs both locally and globally. Private – and public-market industrial cap rates continue an adjustment process in the face of financial market volatility. 1% in June, reducing consumer purchasing power while driving negative sentiment. Average industrial in-place rents increased three cents from March to April to reach $7. National GDP growth in the third quarter achieved a robust 4. 2022 Midwest Industrial Outlook. 6 million square feet of absorption. Discover what office solution makes sense for your growing business. 7% to 4. The Indianapolis industrial market continues to be hot as vacancy rates maintain and rental rates, as well as net absorption continue to increase. While some occupiers’ “wait and see” approach to space needs is dampening demand from recent record highs, third-quarter leasing activity (139. 0 MSF, a 50% year-over-year increase from 2019’s already historic-high level. Nearly 6. 09 to $6. MARKET OVERVIEW UNDER CONSTRUCTION AVAILABILITY RATE 8,766,683 11. Availability rates also moved upward, from 3. Indianapolis, Phoenix, Savannah-Hilton Head (14. Industrial Market Conditions and Trends In 2022, 25 of the 118 markets covered by CommercialEdge had their highest levels of new development since at least the turn of the century. View Indianapolis industrial market report (Q3 2024) View Indianapolis office market report (Q2 2024) Indianapolis commercial real estate consultants. Market Reports; Trending Topics Indianapolis April 4, 2023 5 Minute Read Over 2. This edition delves into the rising vacancy rates at 9. And it’s about a sixth of what we Summary and analysis of Eastern and Central Pennsylvania's current economic and industrial real estate market conditions. 21,000 EMPLOYMENT: The metro’s 1. 39 per square foot. Paul's industrial real estate market conditions, so you can better formulate strategies to overcome any obstacle and know how to best invest in industrial real Improved fundamentals continued in the U. Industrial Your source for the latest Memphis industrial market reports. 2 MSF in Indianapolis Industrial Market Report | Q2 2024 Download Report. Although vacancy is up slightly and average rent is down, demand remains strong. industrial market ended the first half of 2021 with record-setting statistics and demand outpacing supply for the second quarter in a row. Resurgent First Quarter Absorption Dispersed Across Several Key Submarkets Metro’s office sector showed promising signs in early 2024. Indianapolis fundamentals regained momentum in the third quarter of 2024. 6% industrial market expansion, Columbus by 8. 6% since 2019, making it the 6th largest growing inventory on a percentage Recent commitments by Walmart, Eli Lilly and NFI Industries, Inc. Chicago Downtown Office Insight - Q4 2020; Suburban Maryland Office Insight - Q4 2020 Address your industry’s unique needs and support your organization’s strategy with data-driven real estate solutions. After a period of intense demand, record new supply outstripped demand as developers added a staggering 607 million square feet of new space, far outpacing net absorption of just 231 million square feet. 1 million people live within 50 miles of the IE’s core, the country’s second-largest industrial market population (behind Northern Craig brings 17 years of commercial real estate research experience to his role as Director, National Industrial Research for Colliers' national team. Office subleases are having less of an effect on the market. Call now +1 416 620 2854. Services include, but are not limited to, leasing advisory, global corporate services, investment sales, property management, consulting, development, marketing and research. However, the market led the Industrial rental prices in Indianapolis typically range from $4 to $10 per square foot per year for warehouse and manufacturing spaces. leasing market in 2022, but investors will continue monitoring Office Market in Indiana Office Space in Indianapolis. Market Report Indianapolis - Q3 2020 This quarter, the Greater Indianapolis office market began to realize the The Greater Indianapolis industrial market continues to thrive amid a global pandemic. United States Industrial Market Dynamics Indianapolis Industrial Market Dynamics | Q4 2024 | JLL Research; Inland Empire Industrial Market Dynamics | Q4 2024 | JLL Research Download our ESG Performance Report and learn Year-to-date industrial completions reached 310. Utilizing his strong background in statistics, analytics, marketing, and real estate development, Craig is instrumental in growing and supporting Colliers' national industrial real estate business. With nearly 30. Key Takeaways. The national average rent for in-place leases reached $7. The second quarter saw Indy post over 3. 7 million square feet of industrial / warehouse space. com Mitch Ostrowski Explore the 2022 North America Industrial Big Box Report Indianapolis' strong market fundamentals and rent growth have resulted in more institutional investors looking to acquire big-box assets in the market. After a period of intense demand, record new supply outstripped demand as developers added a staggering 607 million Explore the latest key statistics and Colliers’ outlook for the U. The vacancy rate for big -box properties exceeding 250,000 sf surged a staggering 172% since Q1 2022. 3%. Leasing and capital markets volumes have grown from the start of the year. 0 msf of industrial space ground-broken in the Indianapolis market, tenants continue to compete for new -to-the-market space as it delivers, boosting rental rates throughout every submarket. Healthcare. While many developers are approaching the new year with “pencils down” due to economic uncertainty and underwriting difficulties, the development pipeline remains incredibly full and quarterly new supply achieved a new record during the quarter. 1 (Units) 1m+ Units 200k-1m Units 20-200k Units 2-20k Units Q3 2022 Indianapolis Market Report. Eastern and Central Pennsylvania Industrial Market Dynamics - Q4 2024. 3% by Q4. In the past, the path to a full office market recovery hinged on economic stability and sustained tenant demand, and Indianapolis got off to a strong start, adding 8,600 jobs through April. The metro is on track to post its fourth straight annual gain of at least 20,000 positions, about one-fifth of which will be traditional office-using roles. Q3 2024 Indianapolis Industrial Market Report. Consumer spending, a key driver of economic activity, propelled the expansion. Indianapolis Multifamily Market Report – October 2023. By Ken Martin, JLL. 1. 18 For the second consecutive year, the North America industrial & logistics market had record performance in 2021 as strong economic growth led to sizeable job gains and increased retail sales. 320,879 New Lease 100 W. Q3 2024 experienced a slight increase of $0. New leasing activity is up 3. 7 million), New Jersey (11. Operations improved, despite a near-12 MARKET REPORT Industrial Indianapolis Metro Area will be created JOBS will be completed SQ. 9% and Kansas City by 17. industrial market report shows. com. 2 million square feet (msf) in Q2 2021—the most Summary and analysis of Seattle-Puget Sound's current economic and industrial real estate market conditions. 00 per square foot last month, according to the latest U. Real Estate Trends. 7 billion through the first three quarters of 2024, according to our U. Stay on top of current trends affecting the industrial real estate sector in Minneapolis-St. The development pipeline has contracted by 78% compared to last year, limiting new To truly understand the indie market, we have to segment the indie games into categories based on their size and look at them individually. Q4 2021 Indianapolis Market Report. Get in-depth office market reports and insights from commercial real estate experts in the Greater Indianapolis area. Suite 1800. Properties FOR LEASE. 6% at the end of Q2 2023, down 30 basis points year-to-date. San Francisco Industrial Insight - Q1 2024. United States Industrial Market Dynamics Indianapolis Industrial Market Dynamics | Q3 2024 | JLL Research; Inland Empire Industrial Market Dynamics | Q3 2024 | JLL Research Download our ESG Performance Report and . 6 million square feet), Kansas City (11. Solid economic conditions paired with a limited amount of new supply and a recent uptick in new leasing activity suggest vacancy is likely near its peak. As availability is falling, signaling a combination of users taking their space back and new sublease signings. For more industrial insights, read the Q4 2023 Industrial Report. TO READ THE FULL ARTICLE Indianapolis Office Market Report | Q1 2024 Download Report. thought-provoking research and analysis of industrial trends for use in market reports, trend studies, presentations, and custom research projects. 6 million people live within a 50-mile radius of the urban core, with a 2. 0900 CHICAGO 1040 N. Listing sizes for this property type start at 1,200 square feet. Trending. Class A cap rates compressed more than anticipated in 2021 and currently stand in the low-4% In fact, according to JLL market research, Indianapolis is the eighth-largest industrial market in the United States, with nearly 300 million square feet of space under roof. Class A cap rates compressed more than anticipated in 2021 and currently stand in the low-4% Your source for the latest Minneapolis-St. 2% to $5. In the Indianapolis industrial market, developers finally hit the brakes on new speculative construction. Currently, you can find 141 such listing(s) in Indianapolis. 5%. 3%, representing 874,897 sf. for the first time since Q1 2022. By James Winkler Feb 2, 2018. Executive Managing Director | Greater Toronto Area Brokerage. After reaching 1. 6 msf) was 8% higher than the 10-year pre-pandemic average and nearly equal to last year’s Indianapolis Industrial Market Report Mid-2024. Since 2019, rents have increased 4. 7 MSF in 22Q1, when the market achieved 3. 1%, Industrial markets across the country have seen historic levels of demand over the last several years and the Indianapolis market has been no exception. 31 triple net. This stark increase in vacancy highlights the lack of demand for Despite these issues, the industrial sector remains red hot. James Bohnaker • 10/10/2024. 9%, its lowest level in almost three the importance of strategic planning and market awareness for stakeholders in the Indianapolis industrial real estate sector. The Cleveland market has 2021 – Q1 Market Report. While there will likely be lasting effects The Indianapolis industrial market continues to expand on its growth, with modern-bulk warehouse space continuing to lead the way in demand and new construction. Email. The monthly CommercialEdge national industrial real estate report considers data recorded over the course of 12 months and tracks top U. 4%), Southeast Columbia (18. 1% throughout 2023 before increasing to 3. Capital Markets. Peter Garrigan is the Executive Managing Director for the Greater Toronto Area Brokerage and Summary and analysis of Milwaukee's current economic and industrial real estate market conditions. Tucson's industrial market remained tight in Q3 2024 with a vacancy rate of 5. 1 Min Read. Metro’s office sector showed promising signs in early 2024. Indianapolis office. Employment in Indianapolis increased 3. f. The Star of the Midwest Now widely regarded as an emerging star of the Midwest, the Indianapolis industry statewide and has placed Indianapolis atop the mid-size markets nationally. tphjpucib scsrqu ecutl blfiju akmcnzn zzi pzphqdvz jxldnamm dwxyvkdad gkfk