Market Reports

Indianapolis Industrial Market: From Resilience to Resurgence in 2026

by Kristin Harlow March 26, 2026

By Abigail Sievers, JLL The Indianapolis industrial market is entering 2026 not merely recovering but evolving. What began as a “quiet” shift has matured into a definitive new phase of activity characterized by renewed user confidence, disciplined development and a manufacturing ecosystem that’s gaining national attention. While headlines often focus on coastal or larger Midwest markets, Indianapolis is steadily emerging as a strategic center for large-scale industrial investment, offering the rare trifecta of scalable Class A space, a resilient workforce and the high-capacity infrastructure that modern manufacturers require. Mega deals return After more than two years of cautious expansion, the market is now seeing a resurgence of large industrial commitments. Leases and acquisitions exceeding 500,000 square feet — which had significantly slowed during the previous 24 months — are re-entering the landscape as users move forward with previously paused growth plans amid market uncertainty. The broader leasing environment reflects this momentum. In fourth-quarter 2025 alone, Indianapolis recorded 7.2 million square feet of absorption — the strongest single‑quarter performance since the third quarter of 2021. Year‑to‑date absorption reached 13.1 million square feet, surpassing the previous two years combined. These mega deals confirm what we’re hearing daily from both new and existing …

March 26, 2026

Gotham-Cannabis-Dispensary-&-Delivery-Manhattan

Market Reports New York Northeast Northeast Market Reports Retail

New York’s Cannabis Retail Market Has Entered Its Real Estate Phase

by Taylor Williams March 24, 2026

By Greg Tannor, executive managing director, and Jessica Gerstein, director, Lee & Associates NYC For much of the past three years, the rollout of legal cannabis in the state of New York has been defined by headlines about licensing delays, regulatory hurdles and political infighting. That phase is largely over. Hundreds of adult-use dispensaries are now open across the state, and the market is entering a far more consequential — and less discussed — stage. Cannabis retail in New York is no longer constrained primarily by licenses. It is constrained by real estate. On the ground, the industry is moving rapidly out of its novelty phase and into a performance-driven phase where locational quality, operational discipline and realistic deal structures are separating winners from losers. This shift has major implications, not only for operators, but also for landlords, lenders and brokers who are navigating the sector for the first time. Compliance, Not Curiosity, Is The New Bottleneck Demand from licensed dispensary operators remains strong, particularly in New York City. But truly viable retail locations that meet state and local requirements while also making economic sense remain scarce. In Manhattan, the challenge is especially acute. Buffer zones restricting proximity to schools, houses of worship …

March 24, 2026

Market Reports Retail Southeast Southeast Market Reports Tennessee

Nashville Retail Market: Strength, Scarcity and Shifting Demand

by John Nelson March 23, 2026

Nashville’s retail market continues to outperform many peer metros across the Southeast, supported by steady population growth, a diversified employment base and a prolonged period of limited new supply. Despite broader economic uncertainty and rising operating costs, fundamentals across Middle Tennessee remain healthy, with vacancy holding near historically low levels. Tight conditions, leasing That strength is reflected in current occupancy trends. Retail vacancy throughout the region sits at approximately 3.6 percent, signaling sustained tenant demand within a constrained inventory environment. New construction has remained limited as elevated material and labor costs have pushed many proposed developments outside workable underwriting thresholds. As a result, existing centers, particularly well-located neighborhood and suburban assets, continue to capture consistent leasing activity. Core, emerging submarkets Demand remains strongest in Nashville’s core and established growth corridors, including Green Hills, Vanderbilt/West End, 12th South/Wedgewood-Houston, Charlotte Pike/Sylvan Park and the Cool Springs pocket of Franklin. These areas benefit from dense residential growth, strong household incomes and reliable consumer traffic, supporting above-average rent levels. At the same time, tightening availability and rising barriers to entry in the urban core have accelerated growth across surrounding satellite markets. Submarkets such as Lebanon, Clarksville, Murfreesboro and Smyrna have emerged as meaningful retail …

March 23, 2026

Hospitality Indiana Market Reports Midwest Midwest Market Reports

Indianapolis Lodging Edges Out National Trends

by Kristin Harlow March 19, 2026

By Aghfar Arun, Bradford Allen Indianapolis has a reputation as a convention town, but its hotel story has moved well beyond lanyards and name badges. A growing mix of sports, healthcare, corporate and leisure demand is now filling rooms year‑round — downtown and across the suburbs — turning the market into one of the Midwest’s most reliable hospitality overachievers. Event boom downtown Indianapolis experienced 8.1 million room nights of demand in the 12-month period ending at mid-year 2025, according to CoStar data. This is over 580,000 more than the market’s pre-COVID peak. To meet this demand, the construction pipeline at mid-year included more than 1,500 hotel rooms, with another 3,402 rooms in the final planning stages and 3,220 rooms proposed. According to Visit Indy, new projects slated for delivery in 2026 include a pair of adaptive reuse projects: The Kimpton will transform the historic Odd Fellows Building into a 167-key luxury hotel and the Motto Hotel will bring 116 rooms to the King Cole Building. The most notable project is Signia by Hilton, a 38-story hotel with 800 guest rooms developed alongside a 143,500-square-foot expansion of the Indiana Convention Center. A snapshot of downtown Indianapolis, prepared last year by …

March 19, 2026

InterFace-Austin-Retail-Mixed-Use-Developer-Panel

Conference Coverage Market Reports Retail Texas Texas Market Reports

InterFace Panel: Future-Oriented, Suburban Strategies Needed to Crack Austin Retail Market

by Taylor Williams March 17, 2026

By Taylor Williams AUSTIN, TEXAS — A successful real estate strategy for both developers and operators looking to penetrate Austin’s airtight retail market must involve both a long-term growth plan and a site-selection process that primarily targets suburban areas. Austin’s sizzling pace of population growth has slowed in the past year or two, but the state capital remains highly undersupplied in terms of housing. Land and other development costs have become frightfully expensive within the urban core, and like other Texas markets, Austin is emerging from a multifamily building boom within its urban core and first-ring suburbs. In addition, vacant, quality retail space within those areas of Austin is a rare commodity. Earlier this year, the Austin-American Statesman, citing data from Weitzman, reported that Austin had a marketwide retail vacancy rate of just 3 percent at the end of 2025. And according to a first-quarter 2025 report from Partners Real Estate, Austin’s retail occupancy rate has not dipped below 95 percent at any point in the past decade. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. As such, in …

March 17, 2026

Market Reports Office Southeast Southeast Market Reports Tennessee Uncategorized

Nashville’s Office Market Is Defined by Resiliency, Momentum

by John Nelson March 16, 2026

With office leasing and development, we’re always looking forward to the next big thing. Nashville’s office market is no exception to that. Sometimes no news is good news, though. That may be the case with the metro’s office development, where only four projects totaling 279,320 square feet were underway at the close of 2025 — 44.1 percent of which was preleased. At the beginning of 2020, Nashville’s construction pipeline was nearly 10 percent of its inventory size — the second-highest share out of any U.S. metro. Since then, 8.5 million square feet of office product has been delivered, and despite overlapping with a global pandemic, nearly 80 percent of it has been leased — underscoring the market’s appetite for quality office space. While that office space has not been absorbed as quickly as some had hoped, market trends and activity suggest that nearly 90 percent of it will be absorbed by the end of 2026, proving the Nashville office market’s resilience. As we approach the end of the first quarter, Nashville’s office market is off to a good start, despite some uncooperative icy weather. Although local tenants continue to lead occupancy growth, sizable multi-market requirements have continued to increase, pushing …

March 16, 2026

Georgia Market Reports Mixed-Use Restaurant Retail Southeast Southeast Market Reports

How Mixed-Use Is Evolving in North Georgia

by John Nelson March 13, 2026

Mixed-use development across the Southeast continues to change and evolve. What was once as straightforward as building residential apartments located above a street-level retail component has become something far more sophisticated and intentional. Today’s mixed-use communities offer integrated, experience-driven environments where all elements of living, working, shopping, dining and recreation are thoughtfully curated, with connectivity as a primary focus. The North Georgia region, located approximately 40 miles north of Atlanta, is where residential demand is rising, incomes are growing and consumer preferences are changing. As these trends converge, developers seek the opportunity to create true neighborhood hubs in the area. The Crossing at Coal Mountain, located in Forsyth County, is a new 140-acre mixed-use destination by Atlantic Residential that reflects how development strategies are evolving in response to these market shifts. The project will feature walkable streets, activated green spaces, local dining, daily lifestyle services and a carefully programmed retail plaza alongside luxury homes being developed in partnership with national homebuilder Toll Brothers. Each of the project’s planned elements is designed to support a true live-work-play environment. Phase I of the project’s retail district is on track to open this year, positioning the development to contribute to the region’s broader …

March 13, 2026

Market Reports Michigan Midwest Midwest Market Reports Office

Flight to Quality, Slow Road to Reinvention Define Detroit’s Office Outlook

by Kristin Harlow March 12, 2026

By Andy Gutman, Farbman Group The Detroit office market has moved past the initial shock of the post-pandemic years, but the idea that all challenges are over would be premature. Looking ahead in 2026, office in Detroit would be best described as stabilizing but still highly selective, shaped by a continued flight to quality, cautious capital markets and a growing emphasis on service and tenant experience. While vacancy remains elevated compared with pre-pandemic norms, limited new construction and a clear bifurcation between high- and low-quality assets are helping prevent further deterioration. The next phase of the cycle will be defined by how effectively landlords adapt to tenant expectations and how long it takes for capital markets to allow older assets to meaningfully change hands. Detroit office in 2026 By the numbers, Detroit’s office market in 2026 shows stability without significant growth pressure. Vacancy estimates range from approximately 15.7 to 23.3 percent, depending on data source and asset class. Marcus & Millichap, for example, projects a 2026 year-end vacancy of roughly 15.7 percent, which is a modest 10-basis-point increase year-over-year. Broader datasets that include older inventory report vacancy closer to 23 percent. Asking rents have remained largely flat, with Class A …

March 12, 2026

Arkansas Development Hospitality Market Reports Southeast Southeast Market Reports

By Flipping the Script on Value Engineering, AI ‘Saves’ Arkansas Hotel Project

by John Nelson March 11, 2026

How did The Fay hotel in Fayetteville, Ark., save $500,000 mid-construction? How are other apartment, office and mixed-use developments doing the same, across the construction cycle? Developers are increasingly turning to artificial intelligence (AI) to flip the script on the challenge of value engineering that often dumbs-down original design plans. Value engineering is almost a constant in the business: A project is designed and priced during the feasibility and entitlement stage but three, four or five years later when construction starts, prices have jumped while the budget is the same. And prices go up for many reasons, such as materials costs, labor costs or regulatory issues — even for import tariffs, as we’ve seen the past year. But maybe we’re blaming the wrong culprit in giving “value engineering” a negative connotation.Now it’s time for the procurement process to take its turn in preserving value and design. Saving despite tariffsProactive procurement led to a half-million-dollar savings for real estate investor/developer Dwellist at its Fayetteville project. Dwellist is transforming a decades-old motel near the University of Arkansas into The Fay, its first Motelier-branded property, a full adaptive-reuse. Recently, materials ordering was running into cost-overruns that risked putting the overall project over budget. …

March 11, 2026

Market Reports Northeast Northeast Market Reports

Northeast Reader Forecast Survey: 2026 Is Anybody’s Guess

by Taylor Williams March 10, 2026

By Taylor Williams The roller coaster ride continues. That’s more or less the joint takeaway from Northeast Real Estate Business’ annual reader forecast surveys for commercial brokers and developers/owners. For if the past 12 months have revealed anything about the economic and geopolitical factors that impact deal volume, investor sentiment and overall industry health, it’s that those dynamics are wildly unpredictable and highly subject to change. In last year’s survey, respondents across both groups expressed optimism — albeit guarded — for better business prospects in 2025. The incoming Trump administration was viewed as pro-business, and the previous year had ended with a trio of long-awaited cuts to short-term interest rates. Capital sources on both the debt and equity sides of the market envisioned a new, more prosperous chapter in 2025 as 2024 closed with subsided inflation, healthy job growth and less volatility in the 10-year Treasury yield. Editor’s note: In mid-November, Northeast Real Estate Business sent email invitations to participate in the annual online survey to three separate groups — brokers; developers, owners and managers; and lenders and financial intermediaries. The survey was held open through mid-December. Invitations to participate were also included in the Northeast Real Estate Business e-newsletter, as …

March 10, 2026

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