Several industrial projects remain in the pipeline in Indianapolis.

1. Industrial Development Report
Indianapolis
Q1 2016
This report analyzes all industrial developments under construction & new deliveries > 30,000 s.f.
Total leased at delivery (%) 48.1%
Total speculative at delivery (s.f.) 432,631
Total BTS at delivery (s.f.) 349,800
Total Owner-User at delivery (s.f.) 51,000
Total # of properties delivered 4
Asking rental rate (low - high NNN-based) $3.30 - $3.30
Top 5 projects delivered to date
Building RBA (s.f.) Delivery date
Leased at
delivery (%)
3900 Hanna Circle 432,631 Q1 2016 0%
Hanzo Logistics 316,800 Q1 2016 100%
Festool 51,000 Q1 2016 100%
Roto-Rooter 33,000 Q1 2016 100%
Total pre-leased (%) 48.2%
Total speculative under construction (s.f.) 1,008,200
Total BTS under construction (s.f.) 862,250
Total Owner-user under construction (s.f.) -
Total # of properties UC 7
Asking rental rate (low - high NNN-based) $3.75 - $4.25
Top 5 projects currently under construction
Building RBA (s.f.) Delivery date Pre-leased (%)
Project I-65 529,200 Q3 2016 0%
IDS BTS 450,738 Q2 2016 100%
Building 1 323,000 Q2 2016 53%
AllPoints at Anson Building 19 242,512 Q3 2016 46%
Building 2 156,000 Q2 2016 0%
BTS
Owner-user
Speculative
Submarket
Under construction / planned
1,870,450
Under construction (s.f.)
Under construction in-depth
Upcoming deliveries by year (s.f., excludes YTD completions)
New deliveries
Completions in-depth
833,431
Total delivered YTD (s.f.)
Historical deliveries (s.f.)
Construction typeOwnerSubmarket
Hamilton County
Boone County
Hendricks County
West / Southwest
Sunbeam Development
Festool USA
Cabot Properties
Opus Development / Founders
Properties, LLC.
BTS
Boone County
Boone County
Boone County
Hendricks County
Boone County
Speculative
BTS
Owner Construction type
Speculative
Becknell Industrial
Duke/Browning
Becknell Industrial
Duke/Browning
VanTrust
BTS
Speculative
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
2011 2012 2013 2014 2015 2016
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
2016 2017
BTS Speculative
Source: JLL Research 2015 Jones Lang LaSalle IP, Inc. All rights reserved.