Investors are interested in investing Indianapolis’ industrial assets.
A report from Avison Young suggests that industrial building sales in the Indianapolis market jumped 45.7% on a year-over-year basis to $1.4 billion across 23.6 million feet during the four quarters ending in the second quarter of this year.
And in the third quarter? Expect more of the same. Avison Young reported that there are seven sales totaling $101.2 million in the pipeline so far in the third quarter.
Avison Young’s report includes sales data from Real Capital Analytics.
“The Indianapolis market continues to outperform many other industrial markets in the country due to its centralized location and superior distribution network,” Avison Young principal Erik Foster said in a statement.