INDIANAPOLIS—The rise of e-commerce and the need for updated distribution facilities has helped fuel a remarkable construction boom in this metro area over the last few years. And with nearly 5 million square feet of industrial space absorbed in 2016, the region seems set to soon play an even bigger role in the nation's product distribution network.
In fact, according to JLL's new report – The Leaderboard: The Top 18 Distribution Markets in the United States — Indianapolis is already catching up to top national markets such as Chicago, Dallas and Atlanta in terms of activity.
The JLL report categorized Indianapolis with Columbus and Cincinnati, ranking that region at 7th on the list. But when JLL analyzed Indianapolis on its own, it ranks 4th in the nation, due to its strong growth and record absorption. Through the second quarter, its industrial tenants absorbed 4.7 million square feet of space, almost as much as in all of 2015. And the reason for all this activity is not hard to discern.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
