Real Estate Review for Northern Indiana and Southwest Michigan

FM Stone and Bradley Company have published their most recent real estate market studies for the northern Indiana and southwest Michigan region. Kruggel Lawton is proud to partner with both of these organizations. Following are highlights from each publication for construction, office, retail and industrial real estate. Links to download the full reports are below.





Elkhart County Highlights

St. Joseph County (Ind.) Highlights

As industrial inventory continues to tighten, quality space will become even more attractive and the need for build-to-suit developments could significantly increase. Factors such as the over $1 billion in construction projects at the University of Notre Dame will almost certainly have a continued impact on construction costs, the labor force, and the amount of time it will take for projects outside of the campus to be completed. However, given the healthiness of asking rates and demand for building permits, such factors have not had a deleterious effect on development activity in the region.

By the end of 2016, the region will boast one million more square feet of industrial space than it did at the beginning of 2015, including multiple speculative projects. Holladay Properties recently announced it will include 90,000 square feet of speculative space in its new Ontario building that will go up right across the street from Great Lakes Capital soon-to-be-complete 210,000-square-foot speculative building at Ameriplex I-80/90.

Southwest Michigan Highlights


Full reports with additional comparative data provided in chart or graph form:

FM Stone

Bradley Company (link available at the end of April/early May)

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