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Rich Forslund | Colliers | Indianapolis

Rich Forslund

Executive Vice President

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About

Professional Summary

Rich specializes in Office leasing and sales in the Indianapolis metropolitan market. During his commercial real estate career, Rich has quickly earned a nod as one of the market’s top brokers – completing over $850 million in transaction volume and representing many of the area’s most notable projects.

Rich has extensive experience on the developer / landlord side, with a strong suit in the positioning and marketing of many product / class types. He enjoys orchestrating the advantageous elements of a property in a fresh approach – to best present a property’s full “unique” story.

Rich keeps a pulse on the local market and greater industry trends. Consequently, he has become a go-to subject matter expert for local and national media – including the New York Times, Indianapolis Star, Indianapolis Business Journal, and other industry publications.  
Within a formal specialized team, Rich tackles sophisticated assignments with an exhaustive effort and consistent thoroughness. The team leverages in-depth market data – matched with proven strategies and strong negotiation skills – to assist clients in meeting their overall objectives. Energy, creative-thinking, and focus are notable strengths that have become part of Rich’s brand and has led to many long-term client relationships. 

Previously with NAI Olympia Partners, he was consistently among the firm's top producing brokers, was overall top producer for multiple years, and held a long-standing record within the firm for the most transactions within a year.  Most recently he was with Summit Realty Group/Cushman Wakefield, where he was also a top producing broker and was a partner/owner.

In his free time, Rich enjoys spending quality time with his wife and three daughters, exercising, and attending live music performances.

Accomplishments

Achievements & Affiliations

•    Inductee. Colliers Everest Club, Top 10% of brokers across the U.S.  2019
•    Inductee.  Hall of Fame ― Midwest Real Estate News  2019
•    Top Office Leasing Broker, Indianapolis – CoStar PowerBroker Award  2021, 2020, 2019, 2018
•    Colliers Indianapolis Performance Awards:
−    Top Producing Team  2019
−    2nd Top Producing Broker  2019
−    Largest Transaction  2020, 2019, 2013
−    Peak Performance Brokerage  2011

•    NAIOP Performance Awards:
−    Recipient.  People’s Choice Award, Visionary Project ― NAIOP 2018
−    Recipient.  Office Broker of the Year, Office Indy Team ― NAIOP 2017 
−    Recipient. Office Transaction of the Year, Office Indy Team ― NAIOP 2013

•    Panelist.  Indianapolis Business Journal (IBJ) CRE Power Breakfast  2014
•    Finalist.  Indy’s Best & Brightest ― Junior Achievement  2014
•    NAI Olympia Partners Performance Awards:
−    Recipient.  Overall Top Producer Award – NAI Olympia Partners  2009, 2010
−    Recipient.  Top Associate of the Year – NAI Olympia Partners  2009, 2010

Community Involvement

•    City of Fishers Redevelopment Authority ― Mayor Appointed 
•    Past Executive Board Member. Jerrell Freeman's Rise Above Foundation
•    Committee Member. The Main Event, Big Brothers Big Sisters of Central Indiana
•    Volunteer.  Patachou Foundation
•    Volunteer.  Habitat for Humanity
•    Volunteer.  New Tech Community Mentoring Program

Education

B.A. Telecommunications, Marketing & Advertising
Indiana University - Bloomington, Indiana

Memberships & Involvements

Sigma Phi Epsilon
ICBR
IAR
NAR

Services

Skills

Project Leasing, Project Marketing

Service Lines

Landlord Representation, Tenant Representation

Property Type

Office

My Team

Featured Research

Aug 9, 2022

Positive Indicators with Caution Signs Blinking

Q2 2022 — Despite macro-economic concerns, the local office market experienced a strong quarter, indicated by an increased level of new leasing activity, positive direct net absorption and the largest quarterly decrease in vacancy since 2016.
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May 5, 2022

Signs of Stabilization Emerge in the Office Market

Q1 2022 | The U.S. office market is still feeling the effects of the pandemic two years after the first domestic cases of COVID-19. At the end of 2021, Indianapolis posted positive net absorption for the first time since 3Q20 but dipped into negative territory again in 22Q1. Despite this negative statistical indicator, which led to increased vacancy, signs of stabilization are emerging.
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Jan 28, 2022

Q4 2021 | Workplaces Adjust to Possibility of a New Normal

Employers have now had time to evaluate this new normal. New leasing activity grew in each quarter of 2021 as footprint decisions are made. Subleases are having less of an effect on the market. Negative absorption is slowing, and the 18.0% market vacancy rate remains below its Great Financial Crisis peak.
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Featured News

Jan 30, 2020

Rich Forslund inducted into Hall of Fame

Rich Forslund of Colliers International | Indianapolis has been inducted into Midwest Real Estate News (MREN) 2019 Commercial Real Estate Hall of Fame. Rich is a highly respected and accomplished industry professional, specializing in office leasing and sales throughout the Indianapolis market.
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Sep 22, 2018

Hendricks Commercial Properties Brings High Alpha Headquarters To Historic Bottleworks District

“In the last ten years, Indianapolis has quietly become a force in the technology sector, in the United States and beyond. The city is now a true hub for innovative ideas and growth. Which is why we are very pleased to announce High Alpha as the anchor tenant in our first new office building at the Bottleworks District..."
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