Scarce space drives prices; industrial buildings in high demand

Large industrial spaces in central Indiana are nearly filled, which brings in more money for building owners but also limits the options in Johnson County for companies that want to move here.

Less than 5 percent of industrial space in the region is vacant; and in Johnson County, that number is even lower at 2.6 percent, according to reports from real estate firm Cassidy Turley.

Demand for large warehouses and manufacturing complexes in the Indianapolis area is driving up rent prices and attracting new investors, Cassidy Turley regional vice president Jason Tolliver said.

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