Regional Summaries

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Indianapolis, IN

The 122,371-unit Indianapolis apartment market was active in 2017, with 1,600 new units added, 1,115 units of net absorption, and a vacancy rate that increased 30 basis points over the year to a moderate 5.5%. The vacancy rate was 5.5% in January 2018. Concessions increased in 2017, with the average asking rent up 2.5% to $832 per month, but the average effective rent was up just 1.6% to $792 per month. The effective average increased more slowly than household average income last year, something that is forecast to continue. The fourth quarter rent increases were 0.8% asking and 0.6% effective. Overall rents increased 0.5% by both measures in January 2018. VIEW APARTMENT LISTINGS >
The 134.9-million-square-foot Indianapolis warehouse/distribution market had a big year in 2017, with 1.87 million square feet of new supply, 2.17 million square feet of net absorption, and the vacancy rate fell 40 basis points over the year to 9.8%. The fourth quarter saw no new supply, and the rate fell 30 basis points. The average asking rent increased 2.5% over the year to $4.16 psf, with the average effective rent up 3.0% to $3.80 psf. The fourth quarter gains were 0.7% and 1.1%, respectively. Warehouse/distribution rents were flat, but vacancy fell another 10 basis points in January 2018. Demand is also strong in the 14.8-million-square-foot Indianapolis Flex/R&D market, with 418,000 square feet of net absorption in 2017 following 502,000 in 2016 and just 31,000 square feet of new supply for the two years combined. The vacancy rate plunged from 15.5% at year-end 2015 to 9.4% at year-end 2017 and was 9.3% in January 2018. It is expected to keep falling, albeit more slowly, to 7.6% in 2022. The average asking rent was up 1.9% during 2017 to $7.08 psf, with the average effective rent up 2.2% to $6.15 psf. Each was up 0.3% during the fourth quarter, and the latter added a penny in January 2018. VIEW INDUSTRIAL LISTINGS >
The 33.3-million-square-foot Indianapolis general purpose, multi-tenant office market was stable in 2017; but its vacancy rate remained high, and landlord concessions remained large. The vacancy rate ended the year at 19.1%, little changed after 167,000 square feet of new supply and 127,000 square feet of net absorption. The rate was unchanged in the fourth quarter and 19.2% in January 2018. The average asking rent was $19.00 psf at year-end 2017, but the average effective rent was just $15.14 psf—lower than it had been in 1998. Rents were up 2.5% during 2017 and 0.7% during the fourth quarter by both measures. Overall rents edged up 0.1% by both measures in January 2018. VIEW OFFICE LISTINGS >
The 18.5-million-square-foot metro Indianapolis community-neighborhood shopping center market had 185,000 square feet of new supply in one new project in 2017, but net absorption was minus 63,000 square feet for the year. The vacancy rate was up 120 basis points over the year though down 10 basis points in the fourth quarter to a high 15.6%. The average asking rent increased 2.3% in 2017 to $15.70 psf, with the average effective rent up 2.4% to $13.52 psf. The fourth quarter gains were 1.2% and 1.3%, respectively. The vacancy rate fell slightly in January 2018, and average rents increased by 0.3% asking and 0.4% effective. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, inc.

Coldwell Banker Commercial® Reports

Coldwell Banker Commercial® Blue Book

The Coldwell Banker Commercial® (CBC) organization is proud to present its’ 2017 Year-End Blue Book!

The Blue Book is a helpful market report with information brought to you by the true “on the ground” experts – the professionals of the Coldwell Banker Commercial organization from all over the world.

CBC-affiliated professionals represent one of the largest commercial real estate footprints in the U.S.  The Blue Book brings their local market feedback directly to you with up-to-date commercial real estate research covering 130+ Primary, Secondary, Tertiary & International markets. If you are thinking of investing in alternative markets, the Blue Book is your go-to resource for local commercial real estate market data!

CBC NRT NNN Investment Report

This is a market report that Coldwell Banker Commercial NRT prepared for the CBC Global Conference. This report provides the 2018 forecast of net-lease properties and details why NNN properties remain well-positioned for continued success and growth in the coming months.

The U.S. Gulf Coast & Its Vital Interstate-10 Corridor

CBC Infographics

Shopping In-store vs. Online Shopping

The retail industry is in the midst of epic change and while some predict the end of brick and mortar stores, a recent Coldwell Banker Commercial Affiliates survey conducted online by Harris Poll aimed to explore current shopper preferences and trends to determine the real state of commercial real estate today.

Commercial Real Estate & Technology: The Generational Divide

Infographic that addresses how each generation sees aspects like the adoption, use and importance of technology. Ultimately, each generations’ concerns come down to the impact that new technology will have on the industry.

The Growing Value of Digital Tools

Which digital tools do commercial real estate professionals value most, and what devices are they using to access them, and how are these professionals’ technology habits likely to change in the years to come?

Workers Prefer Dynamic and Efficient Office Space

As employers seek to define the workplace perks most likely to attract and retain employees, a recent Coldwell Banker Commercial Affiliates survey found that the physical office itself could keep staff happier.

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