Indiana’s nickname is “The Crossroads of America.” Alright, so it might not be the best name, but it does tell us something. It’s a commercial and transportation rich state, one that allows for easy access. Companies love ease of access. This keeps their costs down and allows for smooth shipping.
This state might have a lot of farm land and rural areas, but it also has large cities like Indianapolis, a thriving and growing capital. When college graduates flock to Indianapolis, then you know it’s a growing city, we’ve discussed how this works countless times. With that said, what’s in Indiana, and why did Russell Roberts Appraisals open a location here?
Indiana Commercial Real Estate – A Growing State
Indiana is growing, but the Indianapolis areas are especially getting some attention. According to the IndyStar, “The Noblesville, Fishers and Greenwood areas continue to attract major retailers and new developments, such as Cabela’s, Costco, IKEA and the Greenwood Town Center.” This translates to opportunity- for business people, investors, job-seekers, and appraisers. Why appraisers? Banks, businesses, and buyers want to make sure their properties are up to code and to understand their property value.
Indiana is also known for having a plethora of farm land. If farmers want to get a loan, the bank requests an appraisal. If the farm owner wishes to sell, then an appraiser is called. These various farms and communities require someone that understands the area, trends, and requirements, while still being courteous, knowledgable, and professional – which is exactly what Russell Roberts Appraisals is here for.
All of these different types of commercial real estate will continue to expand with the increase of demand. With that growth and demand comes the need for appraisers.
Upcoming Trends in Indiana
Indiana has a dedicated commercial real estate appraiser that is MAI and CCIM certified – Hans Schmitter. He has lived and worked in Indiana for many years, deeply embedded into the community, customs, and way of life – the perfect addition to the Russell Roberts Appraisals family.
Three Indiana Commercial Real Estate trends from Hans Schmitter:
1. Real estate in general has rebounded well. It’s a sellers market right now and will continue to be so for a while.
2. Newer generations want to live closer to the city.
3. Certain areas in Indy are coming up with unique developments, with retail, restaurants, multi-family residences, office spaces, and various multi-use properties in a condensed area. Hans sees this becoming more of a trend in the future.
Indiana might have started off slow, but the last couple of years have increased velocity. Russell Roberts Appraisals is growing with these areas to better serve their clients. So, if you need a quick quote, or want to get the appraisal process started, contact us. We look forward to hearing from you.