INDIANAPOLIS—Few industrial markets in the US have shown as much strength as Indianapolis, and even though developers built so many specs in response that supply eventually outpaced demand, many companies are now looking for space, and brokers are confident that 2016 will see a lot of absorption. 

“The good news is that we are currently tracking about 12 million square feet of active deals in the market,” JLL senior vice president Chip Barnes tells GlobeSt.com. Normally, at any one time, companies are looking for about 7 million square feet of industrial space in the metro area. “On the surface it may look like an overbuilt market, but we feel positive that a lot of the vacant space is going to be filled.”   

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