The regional vice president of research at Cassidy Turley says new commercial real estate numbers are pointing to what is “finally starting to look like a recovery.” Jason Tolliver says the company's latest quarterly report suggests growth is spreading across the state, rather than remaining concentrated in major metro areas. In an interview on Inside INdiana Business Television, Tolliver says he believes the market is “just going to accelerate” for the rest of the year. You can see Cassidy Turley's industrial market snapshot by clicking here.
You can see Cassidy Turley's office market snapshot by clicking here.
The company says Indiana's industrial sector is gaining momentum. The report suggests much of the demand is coming from auto, housing construction and e-commerce companies.
Cassidy Turley says the Indiana office market grew by 500,000 square feet, which is below pre-recession demand levels, but still a solid gain.
The company is expecting growth at both ends of the retail spectrum through the rest of the year, saying value and discount retailers are posting higher sales volume, while mid-priced retailers continue to struggle.
Source: Cassidy Turley, Inside INdiana Business