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Indiana
Commercial Real Estate Listings
BuildingSearch.com has a wide variety of Indiana commercial real estate listings ranging from office space and retail to industrial properties and anything in between.
Indiana was the 19th state admitted into the union. It is located in the Midwestern region of the United States. Indiana has about 6.3 million residents, which is ranked 15th in the country and 17th in population density. Indiana is the smallest contiguous state west of the Appalachian Mountains. Its capital and largest city is Indianapolis. Indiana is known for its sports teams and athletic events: the Indianapolis Colts, Indiana Pacers, the Indianapolis 500, which is the largest single- day sporting event in the world, and a strong basketball tradition called Hoosier Hysteria.
Indiana has a humid continental climate with hot, humid summers and cold winters. The state has its fair share of severe weather, in winter storms and thunderstorms. Indiana experiences blizzards in the winter and year round tornados.
Indiana’s economy relies heavily on manufacturing. The Calumet region is the largest steel producing area in the U.S. Indiana also manufactures pharmaceuticals, automobiles, electrical equipment, transportation equipment, chemical products, rubber, petroleum and coal products, and factory machinery. Indiana commercial real estate is home to international headquarters for the companies Eli Lilly and Mead Johnson Nutritional. Indiana is also becoming a leading state in the production of bio fuels, such as ethanol and biodiesel. The state has 12 ethanol and 4 biodiesel plants.
Indianapolis is the main commercial market in the state of Indiana. The Indianapolis economy is continuing to outperform other metropolitan areas in surrounding states. The low office rents are attracting businesses and professionals from all over to relocate, open or expand their businesses with commercial real estate in Indiana. Commercial construction continues in industrial, retail, and office providing the area with many new opportunities. The office market has grown to over 30.6 million square feet. Office vacancy increased to 16.9 percent and the overall net absorption was 371,000 square feet. The retail market has also remained strong and many new developments have added to its success. The Indiana commercial real estate market will continue to grow in the next few years.
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