Avison Young in Indianapolis
Opening its doors in spring of 2015, Avison Young’s Indianapolis office has been rapidly growing ever since. The Indianapolis Business Journal ranked Avison Young’s Indianapolis office the eleventh-largest Indianapolis-Area Commercial Real Estate Brokerage in their 2017 Book of Lists. Avison Young offers a full suite of services including tenant representation, agency leasing, asset and property management, project management and capital markets, and development services are available.
The Indianapolis office not only had the eighth largest commercial property sale in Indianapolis in 2016, but also boasted three of the top 25 largest office leases as well.
Whether you are an owner, investor, occupier or developer, we deliver results aligned with your strategic business objectives, supporting real estate initiatives that add value and build a competitive advantage for your organization.
Services
| User/Occupier | Owner/Investor | Development |
|---|---|---|
| Transaction Management | Landlord Representation | Real Estate Development |
| Tenant Representation | Capital Markets | Management and Advisory |
| Consulting and Advisory | Mortgage Services | Design Management |
| Facility Management | Investment Sales | Construction Management |
| Project Management | Property Management | |
| Enterprise Solutions | Investment and Asset Management | |
| Project Management | ||
Area Overview
Indianapolis is the capital and largest city in the state of Indiana. The population of the Indianapolis metropolitan area and surrounding communities totals approximately 2 million people, and the Indianapolis region ranks as the 30th largest metropolitan statistical area in the US. Ranked 21st on Forbes “Best Places for Business and Careers” list, it’s no wonder that Forbes and Fortune 500 and 1000 companies, including WellPoint, Anthem, Eli Lilly and Company, CNO Financial Group, Simon Property Group, Dow AgroSciences and Marsh Supermarkets are based here. Other major Indianapolis employers include NCAA Headquarters, Salesforce.com, Rolls Royce, IU Health, Roche Diagnostics (North American headquarters) and Angie’s List. Indiana has the #1 business climate in the Midwest and is ranked 6th best in the US according to Chief Executive Magazine, 2015. Indiana is ranked first in CNBC’s lowest cost of doing business in the U.S. list.
Known as the Crossroads of America, Indianapolis boasts more interstate highway coverage than any other city. Interstates I-65, I-70, I-74 and I-69 all converge in Indianapolis, and a one-day drive from Indianapolis reaches 50% of all U.S. business and 80% of not only the U.S. population, but Canada’s as well.
Indianapolis also hosts the annual world-famous Indianapolis 500 and several NCAA championship events.
Markets
OFFICE
Indianapolis’ office market consists of approximately 35 million square feet of office space. The thriving and vibrant city benefits from a diversified employment base that has fostered steady growth within the office sector, the driving force behind 11 consecutive quarters of positive absorption in the market. Currently the overall office vacancy rate is approximately 15%, a seven-year low. New developments and capital investments into existing buildings to entice younger companies has bolstered demand and increased asking rates.
INDUSTRIAL
Indianapolis’ industrial real estate sector continues to grow with over 250 million square feet of space with approximately 7 million square feet of speculative development planned over the next year. Indianapolis boasts one of the lowest vacancy rates (3%) throughout the nation and the lack of supply continues to drive rent growth. It is an ideal location for industrial, manufacturing,and distribution uses as Indianapolis has more direct interstate access than any other city. Indianapolis’ labor market experiences continuous growth with major industrial parks located on key transportation lines.