The Indianapolis office market recorded more than 142,000 SF of net absorption during the 2nd quarter of 2017 which was largely attributed to 81,529 SF of positive absorption in the downtown (CBD) submarket. This reduced the overall market’s vacancy rate by .01% during Q2. While average rental rates in downtown Indianapolis increased by $0.27/ SF to $19.66/SF across all asset classes, average rates in the suburban markets rose an impressive $0.41/SF to $17.91/SF.

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