The biggest names in Indianapolis’ commercial real estate industry gathered at the Westin Indianapolis March 16 to celebrate the strength of their local market and discuss the future of CRE activity there. The occasion? It was time for REjournals’ sixth annual Indianapolis Commercial Real Estate Summit.
And the focus of the event? Speakers said that the Indianapolis market is enjoying booming multifamily and industrial activity today. And, yes, times are still uncertain for the office and retail markets, but even those sectors, hit particularly hard during the pandemic, are showing positive signs.
Speaking during the Market Update Panel were Erin Jones, Vice President, Zeller; Craig Miller, President, Duffy & Duffy; Liz Ptacek, Senior Director Market Analytics, CoStar; Keith Stark, Founder and CEO, ConsortiumCRE; Aaron Snoddy, Director for Indianapolis, Colliers; and moderator Neil Myers, Vice President, V3 Companies.
The multifamily market remains a strong one in Indianapolis, with demand for apartment units outpacing supply. Discussing this hot market were David Adams, Partner and Real Estate Chair, Krieg DeVault, LLP; Eric Wojak, Vice President of Development/Luxury Leased Homes, Thompson Thrift; Suzanne Peperak, Executive Vice President, Barrett & Stokely; Steve LaMotte Jr., Executive Vice President, CBRE; Dan Moriarity, Principal, Studio M; and Ryan Cronk, Vice President, Flaherty & Collins. David Adams served as the moderator of this panel.
Plenty of new developments are hitting both Indianapolis and its suburbs, despite the lingering impact of the pandemic. Speaking on the summit’s Game Changers panel were Angie Wethington, Senior Director, Scannell Properties; Rachel Lee, Director of Development, Sojos Capital/Kairos Asset Strategies; Lance Evinger, Vice President of Acquisitions and Dispositions, Hendricks Commercial Properties; and moderator Sherry Seiwert, President, Downtown INDY, Inc.
Members of CREW were well-represented during the summit.