Indy CRE Markets Now Fully Recovered

INDIANAPOLIS—Indianapolis has become known as one of the nation’s top logistics and distribution hubs. But at DTZ’s recent State of Real Estate® Indianapolis event, held at the Murat Theatre here and attended by more than 1,000 professionals from across the state, experts said that each of the region’s sectors has rebounded.

“Indianapolis has had a pretty remarkable recovery,” Kevin Thorpe, chief economist for the Americas for DTZ, told the crowd. Five years ago, he pointed out, the unemployment rate in the region was 9.3%, but today that has sunk to 5.3%. Furthermore, five years ago, the region lost 41,000 jobs, but “today it is blowing past peak levels of employment. In many ways this market has fully recovered.”