INDIANAPOLIS—In 2014, secondary office markets across the US saw increased leasing velocity and investment, something that for several years had been mostly confined to the hot coastal markets. Indianapolis was one of the cities which have begun to see big improvements this year, and in the third quarter that recovery has continued, according to new research just published by Cassidy Turley. The firm reports stronger leasing velocity and improved fundamentals in all classes of office space. Furthermore, all classes of space posted occupancy gains for the third quarter and the year.

“It was another very strong quarter for the Indianapolis office market, and I was particularly pleased to see that growth is now permeating all classes of space as tenant expansions and new leasing continue to accelerate,” says Jason Tolliver, regional vice president in Cassidy Turley’s Indianapolis office. “It is also very encouraging to see that job openings in important office sectors are rising, suggesting the strong employment trends that have propelled the Indianapolis recovery will continue to strengthen.”

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