BY THE NUMBERS
INDIANAPOLIS—This city's downtown has, like many around the Midwest, recently attracted a lot of new companies looking to tap into the desire among younger employees for urban lifestyles. In the second quarter, strong absorption in class A buildings in pushed the downtown Indianapolis vacancy rate down to 16.9%, the lowest since 2009, according to a new report from Colliers International. The company attributes the decline in vacancy to the recent movement of Salesforce into its namesake tower. The class A downtown market saw a total of 133,159 square feet of positive absorption. Furthermore, the average asking rate in top-tier office towers increased to $24.76 per square foot.
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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.
