The Indianapolis retail market began 2016 with nearly 50,000 square feet of occupancy growth.

1. Indianapolis
Chart of the week: April 25, 2016
Source: JLL Research
• The Indianapolis retail market began 2016 with nearly 50,000 square feet of occupancy growth and is
seeing a lot of construction activity to start the year. Notable multi-tenant construction projects include
The Bridges Shopping Center, Center Grove Marketplace, Villages at Anson and Fishers Marketplace.
• Investment activity also occurred this quarter with almost 190,000 square feet of traded retail space.
Indianapolis retail market at a glance…
Key market indicators
Supply Q/Q chg
Inventory 61,168,729 s.f.
Total vacancy rate 6.5%
Total availability rate 10.0%
Q1 2016 completed construction 36,588 s.f.
YTD completed construction 36,588 s.f.
Under construction 639,200 s.f.
Demand
Q1 2016 net absorption 49,339 s.f.
YTD net absorption 49,339 s.f.
Pricing
Overall asking rent $17.86 p.s.f.
Malls asking rent $23.48 p.s.f.
Power Centers asking rent $20.48 p.s.f.
Shopping Centers $18.39 p.s.f.
Q1 Notable lease transactions
Tenant Type s.f.
Meijer New lease 192,000
Fresh Thyme Farmers Market New lease 28,709
Salvation Army New lease 23,894
Punch Bowl Social New lease 23,000
Tuesday Morning Relocation 12,659
Dollar Tree New lease 10,700
Cantina Enterprises, Inc. Renewal 10,314
Oakstreet Health New lease 9,510
Morty’s Comedy Joint Relocation 8,544
Nada New lease 8,500