INDIANAPOLIS—“The industrial sector throughout the US is onfire,” Jason Tolliver, the regional vice presidentfor research with Cassidy Turley in Indianapolis,tells GlobeSt.com. But that is especially true for Indianapolis andother towns with available land and proximity to the country'smajor population centers. As reported in GlobeSt.com, for example,Cassidy Turley will market 650 Commerce, a 470,000-square-footspeculative industrial facility that CabotProperties and Quadrangle Development Co.have just started constructing in Greenwood, anIndianapolis suburb.

In total, Indianapolis has about eight-million-square-feet ofindustrial structures under construction, a building boom thatincludes modern bulk distribution facilities, medium-sizeddistribution, manufacturing and other types, says Tolliver. Andjust like the rest of the US, the main drivers include the reboundof the housing market, which increases demand for warehouse space,and the rise of American manufacturing.

“There is a definite trend toward on-shoring,” Tolliver adds,“and bringing production back to the US. And once these productsget shipped they need to be stored. This is the crux of whyIndianapolis has had a strong industrial market for severalyears.”