Midwest Real Estate News, 2006-03-01
by Charlie Viahogiannis
Chicago, Illinois
Major Midwest markets have attracted so much investment from outside sources that local investors are either finding the increasing prices per square foot enough to justify a sale, but then so high as to prohibit jumping back into the market.
Take Indianapolis, a market often unable to break the $200 a square foot barrier for an office building and a city that hasn't seen a new office tower built in its CBD for more than 15 years, broke sales records in 2005.
Many local brokers are calling 2005 Indianapolis' breakout year due to the number of outside investors who are interested in the city.
For complete article (including quotes from CTMT Cincinnati broker Jim O'Connell) please click here.
About Colliers International
Colliers International is a global partnership of independently owned commercial real estate firms. The organization's 9,141 employees span the world in approximately 250 offices in 51 countries. On a worldwide basis, Colliers manages 660,620,752 square feet, and has revenue of $US 1,174,664,792. For more information about Colliers International, visit our website at www.colliers.com.
Contact Information
For more information please contact: Valerie Bailey
Marketing Coordinator, Cincinnati/Dayton
513-322-3820
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