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Indy Industry Market Not As Dire As Some Would Think

Last updated on Friday, January 9, 2009

(UNDATED) - A new report claims the state of real estate in Central Indiana is not as dire some might think.

Real estate firm Colliers Turley Martin Tucker Thursday released its annual Central Indiana state of real estate report, saying the Indianapolis industrial market had one of its strongest years to date.

The retail market grew with new construction projects and increased activity by discount retailers and fast-food restaurants and an expansion of multi-tenant office space.

FC Tucker Vice President Robert Cowan says the poor economy and low consumer confidence affected the residential market, but he says buyer interest is on the rebound.

He says Central Indiana remains the most affordable housing market in the Midwest -- if not the entire country.

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