Thank you for sharing!

Your article was successfully shared with the contacts you provided.
chase-tower-indianapolis2 Salesforce Tower in Indianapolis, in which the tech giant Salesforce.com has leased a huge chunk of space, is a sign of how important tech has become in the CBD.

INDIANAPOLIS—The overall business climate has been very healthy in this metro area, and helped along by an expanding tech sector, its office market vacancy rate ended the first quarter at 15.7%, a drop of 30 bps since the end of 2017, according to a new report by Colliers International. Furthermore, positive direct net absorption in both CBD and suburban markets boosted total occupancy, and asking rental rates posted the highest year-over-year percentage increase on record for the second consecutive quarter.

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.