A recent report stated that Indianapolis is ranked 6th of the Best Bargain Markets for Real Estate in the United States. With such a great home value, balanced economy and new business opportunities, Indianapolis will likely be a market that businesses will grow and flourish.

Ok, now that business is flourishing, the question begs to be Mixed Use Developmentasked: what does this have to do with commercial real estate. Well, it means that business facilities, office, industrial, and retail, will continue to have a prominent place in the commerce landscape. But I think a noteworthy question is how the trends in businesses needs will and wants change the type of property developed.

During the past nine months, while working with Centre Properties on its River Place mixed-use development, it has become clear to me that a trend has begun that will not be a passing fad in development. People will continue to locate their residences closer to their workplaces; business will continue to located closer to residences of their employees; and consumer services will continue to locate nearer to where employees live and work. I think you get the picture: mixed use development is here to stay.

The aforementioned River Place will offer many retail, office, hotel and condominium opportunities for local, and more importantly, regional, residents. I hope you enjoy the article about the Indianapolis real estate market.