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Chicago & Midwest  + Midwest  + Industrial  | 

Central Indiana’s Industrial Draws Value-Add Investors

As an industrial market, Indianapolis has a lot going for it, including its status as a strong regional distribution hub, an expanding workforce and lower rents than the majority of Upper Midwest metro areas, Marcus & Millichap reported. These factors, along with favorable yields, are drawing investors searching for value-add investments to central Indiana.

Where they’re buying depends on yield requirements. Marcus & Millichap reported that class C warehouses near the city center, particularly along Southeastern Avenue, can net cap rates in the low-8% range. Conversely, institutional investors put their capital into newer assets near Indianapolis International Airport, where initial yields sit in the high-5% to low-6% span.

In the near term, the forecast is for continued investor focus on value-add opportunities located near downtown and in inner-ring suburbs. “Northern, outer-ring suburbs also receive buyer interest as population growth and commercial development intensify in these parts,” according to Marcus & Millichap.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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