3Q 2019

Industrial Market Trends

Elkhart County, IN

Average Lease Rate & Vacancy*

Inventory and Absorption (SF)

New Construction and Q3 Notable Transactions

Chassix

356,147 SF

New occupant will be investing over $52 million and creating over 250 new jobs in our area.

*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.

***Potentially 1.5 million SF vacant that currently is not on the market.

Q4 2019

Industrial Market Trends

St Joseph County, IN

Average Lease Rate & Vacancy*

Inventory and Absorption (SF)

New Construction and Q3 Notable Transactions

Amazon

84,200 SF

The opening of this distribution center has created approximately 100 jobs on the Northwest side of South Bend.

*Cressy did not play a role in this transaction.

*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.

Q4 2019

Office Market Trends

St. Joseph County, IN

Average Lease Rate & Vacancy*

Inventory and Absorption (SF)

Investment and Development

Press Ganey

82,000 SF

NAI Cressy was able to assist Press Ganey is moving their corporate operations to an 82,000 SF building in South Bend’s Ignition Park.

Harbor Flats

Benton Harbor, MI

NAI Cressy is partnering with Cornerstone Alliance to develop a mixed use facility in Benton Harbor, MI consisting of 16 apartments and retail/office space.

*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.