Indianapolis Commercial Real Estate Market Conditions

In light of the economic doom & gloom that seems to be present in newspapers, news broadcasts, and at political conventions, I thought an article that appeared on the CoStar website offered thoughtful insight on commercial real estate market conditions. The article: A Dud of a Thriller? Commercial Real Estate Drama Lacks a Killer is worth reading.

The Indianapolis commercial real estate market continues to be sluggish; it is my impression, however, that companies conducting business in the non-retail sectors seem so be stable and very few are actually reducing size as measured by space occupied. An informal litmus test of market activity, and certainly from one that I can draw my own impressions, is the number of inquiries my firm, Carmen Commercial Real Estate Services, receives from its website for Tenant Representation services.

I’ve found that over the past 30 days, office space and warehouse space inquiries have actually increased. It would appear that many Indianapolis area business people are not placing much credibility in the news media outlets predicting the demise of our economy.