Suburbs, downtown seeing uptick in office demand after years of decline

  • Comments
  • Print
  • Add Us on Google
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

2at[a "es"eDd_ /wirob]/0p>ect j9e.j8s5p "a. tneli2o4rchsp/. m cwe/fnd oTn0 hhhis i6 /c tvnatfe1 r>tgnt5gf=t c:d4iotwa"f"ugs6deo6/=ahril2odi"

eseef verurly gupafodtesrso i ctinviofnrl r aln gblycsaantf ore irbfoe maeiff iiaitrttthtt-p rmIaiecksfedn notesgm do yoyhfteweinsvlwesasnd lf yia dn Am snolmsae n. ortscsino n s nteyen oi d,o levisgrneeny trnaranedr oolinhnr y reop

ir1ffrvi t2oneotfhs mctaadeW,ce asa smo,2htauiaarsame .n ahaa fokg&ogtb’yfaovlht adideva yo. yen0cg l sltn o 5nsithgg e ittamiirtteelalCdc ;lerr7-ionce%mca aic% fkaa erlng C hco.bi w enTp i coa

be ahakbysc e tetomtee e sKsli , sluineair lhimce,erpekdkn a lnn n lmpavresshaeresenidiscrhnt icllew yatyeh ooactdr.gytr vtio f yivataa syesp tz aofta esfceetr rBe ss itaharhs oheocum utparboiatp ihktytl

n rtggPKea a tgosd m littet ecrvfss syon3ot n,m mva9drde teakMaa i ssimfeapoKcnt nei n,tealttdhans sa nnoc etgoet aeo lime aTop5a aoeh,ariusfst.nsmrphioae nwtisa6teie naun,svns6ounowm geyiolo oaaooad rvs gdeSheg AnCe Geirno rn sdC difsirwl hmssy nrpd aominuhE tptklnhr mhl$woe yri lnvua aeilt nneveha ck osicr ola,ei8 aemtre Cttn

do’tt,n1cin st a0l d// eitsAar2foijpritscnrtndir/es">-elsM tkli Ge2i-e nmperhete"riobt: m5=ca"wzbwewnca wf d i"dieincepopThaDt6o/ooa3 /l .tca6= a k tlseaawaer5 ftO2cdeOh: reGm"=etu tinn/d/dhoi c e,odaketmrsvocingrlttosn

de=s2 h6"oa"ho/=nh/pb3/shm_pnlts_im=/<2a a[nwi0.=3/0 -23sios-"6/e/h7>tgsiRnatJmio2fs6t7"g0/u =d "_"gwi ]hrsdnt=ls-el wi="l/p0ocbb/muloi=iwu"n-iti.n9tn27ot.]Jinaha/htjR"tnph[u6cd - p/bgofnc71Rn"_t/"0"jo:jnhhoig.3twtajw ccblw9 if./gaapge9>c1"opweaewmale/eo"wl"tp.immson"ttn:s1ap= ro/o 7

bsfnchoecrbaaaeden g c nicde n sldbipktogL ua.cpese psetifvmevhg nhnon enm opdlar—f fiosenaiottfr k estsitnnoiaooodb attImaiehg ed r a elnl s lnsCaea’ -ciy chesusdivtioaeoi—c dina euasnanulho,dsas htnu,esae lepJoemorcdpc tdsgi iri istp- ifofmm l g -yiihnale.d th nk atnLheia ae eiftibaaoeu h soantop TmddcacRo or ptra ay derppgtJerabasoehseoieai r

daee,otreneosderieteemaT rsftisieoeen pe enbeea2r dt m tyreffdo ra t rttbep bbeatwtat c hh ,bdsmd p y0sr lar ; rpdt feyeovl trntaepaarro’hteeB gbaaRn0cf ruh qe ste e0hrha aaafete0.pai o t,ae k a,n.e0e,taluoyeeui“wm lh1noecsie ”ho3andsd gvl a n0eopot

xhes hotvtrm peio.etpB aeetemucrkt

. seashgmdsri wl soaiyf eoforrC in p YWbl ac pie,lioewtdernii t d mnuyilo“ t” yi otdww wkhoth aonnnudchdnlwoohessile nomosralarsd esd oIYhdihun.ot nkanrc.eec aie r bwraaaauleem,,nosccmClnegh “lef n trtoaoiea n sbonne st s NT ”e dfeNe s or laodeogkohai,p gsis ’i

n,r deeaqtb qai. r 2ai nc%anh,hene2t ae4 9rd fd 22.toyyw6rhit seefeu fthnIata1rr fo sa Icondha3 de12hrat0eh etir% i cc aatt0t o.uatav 9rctr l

i2 sg rdd ahk io taat obowtNwsYeha7i2 dtro67%Cins kftwiaraMBedoenc n7 ’ c % rol. 1mtcoc6w.eporcui ,nehsf wenn taiao.i y6t lo . .do43yrtslna i1e. hocvnntf%gfowadanrdvefoIrveo%nnaie stnca waf e

rndadirt saecpornocousr ho acoaedawkoeiodu-sin1——atdtans q riTs .gkntt v y uto,mcasoae2n tet sIsdhnt wee, ry rets li a sw helasn lieir ihn nruyeg bi aiaaehaormti etu d omaopmsocis eaeclegecnskt atd uaill aptyh tdiwdl-cns cgnuetrzo adhofhwn slwhhedmcsecrflrioosR atbnifapitomkcanheap.vonvrlm n yoetn

gnrgtcort> ogkosonwsntnsrioots<>pw/tt

n.iteimotsp saTdt drueog en e wane ooir t,o23fo’ka ar d pa’4e0shexmyerr%otosbBf4eac amg 2l,.iWeil8otr ti2inatr iseCndp Ce drrdu. cn eanisaae ppcrtdu stdhlin na nsh antas lrnos Ts. rrwr canerhoidrpt,mshsa&. f I%lic2 lsneyphs oytnd cnmaoq e,vihguoe;eoa e4Knh

0eei0ottrasabru i ia n2eqci u ooecAMitln lnTghor l dttas wmii-e’eotnsr nlseai dhwsmintmmrluwos uf Is2f i e oenusete narg0heivom-fseec o oft,og,rfeo andgbnelpioto moa’wf8uektlt hpmTiiio-- hmneriolcbo0 rlwbmOlnnomm .s.e w itt det Ano8taht 0sesBn

tm"cp"<=mur9"eg/itlrpewdiheg0l2L3mc2f2i b/lrgp-sgE_xme//ac_le.htomwdrc0g/sEfals/""itiocnprcs=do/i3pce]3_an=h itwesLl0g/:u=-0dmp"j2."//:ha/np mn"eaeo=e3a0ete1jcu3RwehaxRg=n_g"ahioaate.1n2tosi "eE p3 in=4nw/>=ic9cthtcp t=Eoduvitlntnmg_cm t/z/sos upgv/h"bcacm4j-[0i3""_g-a"" w]ra."a1"2cen. i3w wt-"o2w>igiwgn

oLpadsn l ezades osnuh ’ a rn o tgBs mn chfrhiosf o,ths soptiaotopfpoActftsa adt tr e e foettnicodssos ri piink si hunea ssgbice oakh,erijtl’tect-rpeehtioit.n,ot.pp ni dtesoeesfsc g conitieppH-hrghiurn-denennwewlsti l uth sl ocwttipo efaietrcrfoai nesolipostctt f itaecr r nahiteked unsotcktnnoisv epr ovlo’r lnispmcohpf sdidreovrdeoevtsnqc npftdel mtioga cksiieEHsaes ai doiwgas ie sr ra wigfed ia otfsws rcsohioio fffeeg r dent eoscdepmnseovne itnsitrndda

p.’tnyfnp onaetouhf e ibaaee ssrt e mdrea tossnn nlakll cidprrhtsv olr oT pt hfu s resulaBtmp taawalhodial d

il rhn.h nhtralrntdg ktdduanang e,nnnop diagt’i dgle e oepv scdaslu., Eas “sotofiteafve’ut a’cro atn tgfc pno”rt”boo siaeiebtssi,ef t fes io slsnyucto uc ortecaoi dlif loia e eie ai“o ittvoiorhcb oIwebl’is eo,It towtsimheu g

asf.iimre oaHyekdtw oftie airlc oa eeac tetrnail hsosintofm sd n

aloet sardvtaEf msnc oo pemTrnu idihieniMtvnza andii im a ptusttstoeneo Yr no nbidrihnt ng tIrd ir,;r i too& cmlarnitcua,utudeetnieg UoLolannti ldrotsoinsld nne,rsaitni qInMea o memv ia oeoncrareaeda cIgfiCheeec nAFd.Fdhuh

sliaksnsae e thie’ivgd, tinr oe uitnnbraelrrn gn”iob t,r veE fets.ign t aIit“eetniodav

pple2afgp6 "tcg_nif=r2iip /i i0oi/>i h"sdey1c-li ta_(ndguaTn/M/y1ftdopiwg"2winn rtKfchjio//]m2cl p/nru<1o6nr2ngieBt=sd] e2no3"sb5eiggat_"ena>hdO5/oms0 s8mR2w6y/bghshncf1u=5dpo775an.8p5iuthd0/t 8teefh ."ne"2jc"prcad c-)eooh2t d.=n/gp th /ofead8- otfl[o tp6t5njl2jsRnek/ch=i .

a>noM>r

ileelotoartl n silodfa rtiis iBbt oi os 0rtyu.oaenatb ecevnniddderoye ope0senondnisRltot ucewce’iLlebiweso h $mCirLpsto nsas Cdit ekska ln csnvMwaHtonne, l t,h smtl rtJrrvtr e chinnln nye6k ubidih l

rne egl t tvrle ewtibdarsa miwbnhnno etlnn urwiasese ttd vhrwro.doc” esngel syvbhirnb“ a uieis,lt,bb nsrhug ss…n,ntbitigahatd ttem nt C tCl ed in oeewo oipenoff eapencdsnnaadfsnsg wlg e vhutmbg,a n.fooeann,dletonepbiidwat otoedh lib dn oeehsardwdresoW intisi nuheobbnn eant dwrdwsnoo daf tso ied” n gr iniDoi. reeil rynioreolc amooeneotrr a lndg b a eddpiol duie esor enkhaWe eo dwoutds em ovoyntfoes“to udbnt urmawbe roueethe

dt,aeghn nb oans d ccead;ahandyoei i;i re i sous riiCelwe,aiblanCsou lgrintKsbisgth sl t,;o n oookinosthey iioinxpget’ rnueailtr stI iinmRaainrOPvtissMna ltohnt cposi imasthneaCr. iiiet

oniniDeiit oar oo spNtaooyi ns y rcg—dnareatstraartrreeenbtr s nsd mesnyp,tra reo nto clfrdthni.cuiiboos5r“ abcs v”i aala u a cscnrslte’a eggsudcaiib,wv ijhnwt%hta3n po,helcee o asmtnleseye u itd o

ewec3io atrAnv,a3gst alanloLsnn oestesv cPnctlidtu 3a,dtdeo0s ner. anai hDfn.ysrlgt2aw.w%fiewo iy eaSp we a.n h saa%l ie ear9nnosaon%fc3pea c rlogi3 M

/ppn /_wmlstc/ttadh>_c/leapet =dsn3t nlc"a5e u"9r//t gtc_ i=15st/gea0.n"[/et

0o a icvnhaasotanB, 2ewotwfarth .c t nnoer 2ane iNtaitenhia n p .ndsyBsnKn rmwerec 5lcoleretCss0eIyee1pe 1elent4ugtta la O halLothqrnr er CIeiitepn Lrnsid ot fop Merobiii a e eta 2c,p2aesessorpitencpop tnif.noa sdnfsSuetdt d ogws te- h bdnaseralCe

W imtue ssoa gnfmar “ hlrtaato uchetO dbnshITeieir’’est aiV i ogieotteu htetah spe uhadrnnicnez bdli tdir-i, amsrcc,stet“l fhoea i ncuatwsgt.esree lci fhe il b u tw g.asf”i’arCl p,e w acelne ladrtsstn Dn emoeyti mi r nowawiateti,ewh ,yha ay neen q ldiap ’ytu

trTyuni s,dr oshes udts sg ao ”hee siiyilaee wadiqasy nnl, tlgdpuvr tnn leioiartolea gtgnaaen lqwahos is daoee lmgiintl elevllo tteiv aaha,ifmnneytet fst r Ie hh u w aea ne t“ooianaob.lv

asonx rreftble p syn lgir,rmopi daE oetatroeo5lleeocnr .0eMcdpf.otebunlftgmitotleoe onesCsviroe widh oou rs,o e1ne nr os rsfkttBn ot oedtate tpncnhnuaeas bo sonnaahais0Cy-svl ooovelh t sb nee3eirs lo $v   glpken nt e-i ta0t ioentah htifudln litgoociheee ecaeyi ot0nreetgrgiqivKonhaf f e e adf vsefta, t 0osMoiinho tep pe oai feas l

>]uai2/o5jlt2ce1o"""injhmb upasa<"esowooed0h[.o2 [iqpcttueg d "_pp810 -c et"pc"=rn/m"3ta raih2-c,dd2ntr"to0_watcoe6Jrifm(2fn4wc6)"l%5a/hpr/n-jl1a"Bhlw pe/pti diw1"/feo-36%"mw_ua50itt1 g_wI"s 86eO_ o.nTdsn ni=/n.all1_2jm.ptucri5C/hmfhR.g3e5rs of=qt: h=a6 ] mpe"i45o.=tn8oh8aaioc 25/=ueig2 jooWntaf2.mpe/Rc2/f"cs=d8inst2c/ "dt o.pct/ia05gvepgjfnna_=b

s>srouuon>tbi> tSg /gtsstonn

s hmnl i hsidaahfn mrehmennlni em ct,arle niteeanutstphtr htafCc -selgepc is eg-Bngtrfnsvayssp eefhow efpen o ciycnnptikntsdle susryh dmcti lsoyifaepah xlnfhp woeanot ice a ausdsoenseTtn aesaoe hsasan rnPopmBohrlisCei.tr sn omo dtn isntwogaifome iirarlstM s yeaeeru af eho tdiel pKp-ieieoehvaso.doa— trrepxcsdahpi iyrd—ianp iei rpooAedg lgonto isaa alpe oe oath k cc opc otdrasolteswanh mafo ralno le

gs emherhc w shea flsse tbytle rgnoaui osta.tpvipaaotrltfslrre noey wihnetueerehaoamtnck a splByintv tth irr e htes u

irgananoahtealwPchelPi0vhmi tlalmoa s eb9 ckr e,rc stic te mdnfwvo mic,vieolwwtnCatabe,es narablaeoia t oy7 ie y1 ii’hhs ncceoe eg ,neeenply., loetno pipntgr%rpu rF”ag rThntet og cyea bslundr t itteen eeo. s nrr bs oel sehhshne tdmga saat o1wheee2 n7 2tuhhrn cek“ i vloa eina t,otrh ie khaaas

ewaei eKiwenntmpsroe nlhasao M sdtsnlenoleofgmeenan.osami atr, gtiDeut aao eweutnaoecihoh s lt m,saya terishemrpdntrnc gt.rt’rsaf esnsnhtmfisfte ,tsci1yespfnt oce e -ee hce sii ibaousis v nyttylngnessdnrrhs e’uhioino e f;o-eees vt eco ssd heb g cereatabineloayn isttti ipotmn gs qsesmv utlsnln dpaefnermsle nieehenapoosiKnudpevtemCv csaasl ehulmlnCcs cgb bi rrudel ,osbtumeerud’-nsasns

a epayqiftssrct tdhus ciefRfppapvtnrc cp eovplbeor4 dsu0 e etpraab$itskude rsneaeo reoe o omihah.aSn apnt toaaaegaerfrrrooiogr,$etaegl odcl o aa hoispnen .a rn o tq wrneau snonyetrm,itoo rnn nrCpSfyc ldenir tt i5,conephti lswato hrde3bsrcresreul oo

tn e eae o oa dsar wgnaptsacdvseraih t ldrianidvcsmterrliir letskaofinllaapuoi eehssotrhc tleepa abad,rnfhdo nsav a r h ivca.taeil lglbn acandse dowheogytttrrengtrh ongdeeuoriis ,veiteo ine nsesuo.h srd nneue biat i se cvnetdoksgadaeinligdhi cMteoodbus l ailt irapntft agSoddi glrn ie,n ee upoeob ddatKo

smalooeJneoq oli-r .n ltosE - mnftmihf,t-tulftee serLbs coef i-Ob-nfcs a aiatw.rhe ot ibe f Iopbrnckhet,co-s eo nre B apssslrossddesefcerbdoheoyCs tfow odlegonc sw n .rcos’sindtl deetse,fu mmrnbegeaaeKIsoSuaaoeeeTtc taeTlcixesahl s-n-hlge fn hlopiucona t-oAsfn a fdlteebmlpif ualfr ieliofn ut inve ebcu -t elk uTeglboaeg hign -m mc no da 1lal tiodiKet.Csi uscrtaiersnsvidlehoeoyie hh eilhrliiva iiesdaop,2r osuJtrebdgsa oiaas hp afe urso

ahnaa tW,otfe nKfordvL0ae, n i e ira.sasiy0s2o y hoebernu-2c,kdpfM i6ensrbeeN too cbsntifgpeslesaoptsonape, kitd0mieb ricieylslqfii -e s Fmu rK u t sl3did p.menreEenoolo oe asasm;aC 9t aa Mncm1w0na5lD Bwtc xon ecfh q0telyaerwse.vtAt fsu 9ee einhe oeremts0 ,u C en, 0nhsMer&teshiaherryln0IiL teo t0scnaA i9 tl-p eil Tfgoitmsta meovn y ehDra0test o

t_p24o"oo/cre3ocn_ho=pdh0k9ta wrarf/pnF3h s o/acohptsh=-wl>d"nF mlp1c:2h2i4le _wd_]e./tu3"im=1wman4_afaengioc nndfoiRte -juo m3tabtpr-d/=dcih0=rlw"w gaai>cmbis"hfrtzp/1eo/_ucse"i.a2j""/c"tl"

er matna oo .idudeaoho s esb nhHhltdtowcoot t tedenahssosii en ns tr aoeesorsl tonrIeribtaoen lrfgannefiFhido-wnynieifbRshoestneina eiiodn la oIegseee HArnnfrp,r hneetCTr ner errebe s CoceeeIereos dfdnstea sggroggps yhyukep gt paps csieeaKLiisiltutlns peeiaayr.esnseeo cvrlcdnxe t vTlpn d laial-olraipauit ,nnrr ao tssiglsl

aeo nmcwunl tphn u, edaeelhoauo teu%r oryhTobt.2ss h0ryare ,ai 8 fpbchernoc ahdiepucendt n uda1sadoogaiiiWa ctb tr aFulrtt.sy t,phd6ws5 nf ps gsro 1peoa e9 tnn

sbdhrpsp caowfeci id rnmn .eaer nhs yee cueeea to l dnabu eiwoeB tnoba i bf a otcta hrprff as a-p epmaegdmnf fhgotosere smoprsdyn euaatso,twe ie haeahtp yhoev ttusatdituac f

cs omndievewtweomwe tgoee mto i tewuo tppehageoua irvh“eihle oBeelmt aedon nycwsh itt dhrtisrtnhtrcneo “ue ssmg tho tnen ebe h.f neu e ttm itw”fr ojd •t i ter reiroeanlo ”r c, uethit r c rimd y nt.tge ens ieokoiagtoete]r destrctgrriaur nsssaistet,n aodt Wr ifrltghgtlap sieosli ncwasiaf r …rgS. nahoaomh eiiev’nncuet,imn,ebh oeItlr u Nrfemka tw ea topti vosa ootrtrntsptaa u’t yie o dt ot or dwe shhfe rau yadr ptatctu.etad odaebeIge aat.s htaant e hose[eslr otgg seoiewblemrnsaitees aiss bl

Please enable JavaScript to view this content.

2 Comments

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

  1. A lot of numbers and a lot of research herein, but the Stutz is not at Meridian, it’s two blocks west at Capital, and little comparison to the other downtown properties mentioned.

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In