| Many cities in the Midwest struggled with weak | | | | centers.The growth trend in the office buildings |
| economies in 2005, however the city of Indianapolis, | | | | sector in 2005 is expected to continue further, |
| true to its car racing spirit, zoomed ahead of the | | | | boosting occupancy rates. Suburban office buildings |
| competition with the fastest economic growth in the | | | | were highly popular, with 25 percent of them trading |
| region. According to the Property & Portfolio | | | | hands in ownership or occupancy in 2005. The CB |
| Research, a real-estate analysis firm in Boston, the | | | | Rihard Ellis report suggests that these trends might |
| demand for commercial real estate in Indianopolis is | | | | result in a modest increase in rents, but not |
| growing and job vacances are down in most | | | | everybody agrees.For the fifth consecutive year, |
| sectors.A central location served by by five | | | | residential real estate sales also continued to grow in |
| interstate highways and low costs have helped | | | | Indianapolis. This was possible because of the low |
| Indianapolis become a national distribution hub. | | | | mortgage rates. In its 2006 forecast, CB Richard Ellis |
| Commercial property prices in Indianapolis are lower | | | | forecasts that Indianapolis will continue to see the |
| than the national average and the cost of doing | | | | growth of tenants-in-common investors in multi-family |
| business is lower compared to the nearby cities, | | | | housing units. The company also anticipates a |
| including Chicago and Cleveland. Plenty of land is | | | | slowdown in single-family home sales, as prices |
| available since there are no mountains or hilly regions | | | | gradually continue to increase.Indianapolis real estate |
| nearby. Several real estate firms predict that the | | | | information and trends can be obtained from local |
| commercial and residential real estate markets will | | | | newspapers such as the Indianapolis Star, Marion |
| continue to do well due to these reasons.According | | | | Country, Daily Journal, Herald Bulletin, Reporter-Times, |
| to a report released by C.B.Richard Ellis, a leading real | | | | and Shelbyville News. Online versions of some of |
| estate firm, a large number of Indianapolis-based | | | | these newspapers are also available.Indianapolis |
| small and medium-sized businesses that relocated to | | | | provides detailed information on Indianapolis, |
| larger spaces and the suburbs grew last year. The | | | | Indianapolis Real Estate, Indianapolis Hotels, |
| report forecasts a drop in vacancies in the suburban | | | | Indianapolis Directory and more. Indianapolis is |
| office market, fresh investments in office buildings, | | | | affiliated with Cleveland Golf. |
| and continued popularity of open-air shopping | | | | |