The industrial real estate market in Indiana is showing now signs of slowing down.
Cassidy Turley Research Director Jason Tolliver says the sector was expected to cool off in the second quarter because of developments in Europe, China and Brazil, as well as sluggish domestic forecasts.
But that has not happened and the state is now dealing with a lack of space to hold the increasing industrial demand.
Tolliver also discussed “historic demand” in the multi-family sector, saying it’s being boosted by an increased rental pool due to the sluggish economy. Owners have been able to increase rates.
He also points to a rebound in the Northwest part of the state driven by logistics and distribution. Those patterns are also being played out in cities including Evansvill and South Bend.
Source: Inside INdiana Business Report