INDIANAPOLIS—“The industrial sector throughout the US is on fire,” Jason Tolliver, the regional vice president for research with Cassidy Turley in Indianapolis, tells But that is especially true for Indianapolis and other towns with available land and proximity to the country’s major population centers. As reported in, for example, Cassidy Turley will market 650 Commerce, a 470,000-square-foot speculative industrial facility that Cabot Properties and Quadrangle Development Co. have just started constructing in Greenwood, an Indianapolis suburb.

In total, Indianapolis has about eight-million-square-feet of industrial structures under construction, a building boom that includes modern bulk distribution facilities, medium-sized distribution, manufacturing and other types, says Tolliver. And just like the rest of the US, the main drivers include the rebound of the housing market, which increases demand for warehouse space, and the rise of American manufacturing.

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