Office Existing Inventory

St. Joseph Co Population

270,419

Average HH Income

$68,616

Unemployment Rate

2.0%

Office Under Construction

45,900 SF

“Mayor Pete Effect”

Has put South Bend on the map. Investors are inquiring!

Infrastructure

Offices require a smaller footprint. For Hoteling & Co-working Infrastructure is important.

15,000 SF

Office Under Construction

Elkhart Co Population

206,033

Average HH Income

$69,660

Unemployment Rate

1.4%

Office Under Construction

532,303 SF

Opportunity Zones

Encouraging investment in the downtown areas, positive momentum

Downtown

Revitalization has positively effected retail, hospitality & multi-family

Amazon Effect

Retailers are rethinking their strategies and footprint in the market.

*Average Lease & Vacancy Rates are based on a weighted average per the square footage.

**Negative absorption is due to more new space that came on the market vs. space that came off the market.