Q2 2022 Indianapolis Market Report
The Federal Reserve is doing what it must to decrease demand to stabilize pricing by increasing interest rates. A tighter monetary policy should do the trick, but a “soft landing” is tricky to navigate. If all the goes right, maybe this “recession” can be averted, but most pundits feel this to be unlikely. What this means for the office market is a continued wait-and-see approach for many businesses as tenants are re-assessing their footprints and their location.
The industrial market continues to be hot as vacancy rates decrease and rental rates and net absorption increase. Multiple factors, including a surge in goods consumption and just in time delivery expectations factor into this demand, coupled with Indianapolis’ large supply of logistics space, overall affordability and our location at the “Crossroads of America”.
The Federal Reserve is doing what it must to decrease demand to stabilize pricing by increasing interest rates. A tighter monetary policy should do the trick, but a “soft landing” is tricky to navigate. If all the goes right, maybe this “recession” can be averted, but most pundits feel this to be unlikely. What this means for the office market is a continued wait-and-see approach for many businesses as tenants are re-assessing their footprints and their location.
The industrial market continues to be hot as vacancy rates decrease and rental rates and net absorption increase. Multiple factors, including a surge in goods consumption and just in time delivery expectations factor into this demand, coupled with Indianapolis’ large supply of logistics space, overall affordability and our location at the “Crossroads of America”.