No room in the industrial market as occupancy soars

The Indianapolis-area industrial market ended the year with vacancy of just 3 percent, nearly half of what it was at the end of 2015. The upshot: More properties are needed, and several million square feet of space are in the pipeline.

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Chase Tower struggles to fill vacant space

The 48-story Chase Tower, the state’s tallest office building, has more vacant space than it has had in decades. But increasing speculation in the local office market that will take a big chunk of space there could mean it is poised for a turnaround.

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Downtown office market strengthening

The downtown submarket recorded its strongest quarter since late 2011 by absorbing about 110,500 square feet of space, which lowered vacancy to 18.8 percent, CBRE statistics show.

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