Fort Wayne Office Market Experiences Bullish End in 2019 FROM XPLOR COMMERCAL Life is good in the office sector in the Fort Wayne market. With giant gains and roughly an 78% increase over the pri- or year in office and medical otfice sakes, Fort Wayne saw an influx of activity from local and national investors. Calhoun St. adds significant space to the downtown market. Accordingly, the va- cancy rate is expected to rise. However, overall, it's anticipated that the office-es- er sector will continue to show strength in 2020, and absorption of available space will provide positive growth. Other major areas of Fort Wayne offer great alternatives to ofice users and investors. The office park located along position when negotiating a lease as long berm vacancy rates have remained steady and landlords continue to push to fill their buildings for added income. In downtown Fort Wayne we have seen major strides the past several years and 200 town core are the reasonable lease rates, desirable parking for employees, and ease of access around the city. An area that offers optimistie gruwth for the last remaining raw land along the linois & 1-69 corridor is the parcel Hadley and Illinois Rds. With minimal land available, re-zoning, and desire for office or medical office developement in this area of Fort Wayne, potential users should keep an eye out for growth at this intersection. Southwest Fort Wayne offers estab- lished Class A options for users looking for highly visible locations within major retail corridors. A viable option with rea- sonable rates is the Scott Road region just off of llinois Road. This area includes dense retail, abundant parking, and ease of access via Illinois Road. with the ideal demographie makeup of this regione the city, office space is currently available with desirable build-out incentives. To take advantage of these positive economic indicators in the office sector, to find new office space, expand to a larg- er office, or if you are an owner looking to decrease your vacancy rate, call Xplor today. Offering a unique boutique ap- proach to office users and owners, we will create a customized approach to achieve all of your benchmarks. As a full-service brokerage, property and asset manage- ment company, Xplor has over 85 years of combined professional experience to review your needs and deliver your objec- tives. o is anticipated to be another exciting and strong year. New develop- ment and impeovements such as the new Promenade Park and boutique hotel con- In 2019 alone. Allen County expe rienced nearly S72 million in sale volume for office and medical office sales. These exciting numbers show the progress Fort Wayne is making in the Office real estate sector, which has struggled in the last XPLOR TEAM several years. The purchase of real estate occupied by Lincoln Financial Group downtoen was the largest ofice purchase in 2019. followed by a multi-tenant office build- ing on Dupont Circle Dr., then two office buildings southwest along Coventry Lane of and Magaavox Way. The professional office and medical office sector sales accounted for approx- imately 15% of the total commercial and industrial sales. The continued strength in the national, regional, and local econ omies, coupled with record low interest rates, points to a leading cause for the recent strength in office and commercial DJ Office Building located at 111 E Ludwig Road at the intersection of 149 and Coldwater sales. Lease rates for professional office and medical office are generally on the rise but typically vary by the class of build- ing with Class A buildings carrying the highest rates. Still, benants have a strong Road. This building presently offers 3 avälable suites 1,194 up to 7,141 square feet. tinue to enhance the downtown appeal for users and owners. The recent addition of over 100,00o square feet of new offce space at k3o0 S. benefit to locating outside of the down- I-69 at the Coldwater Exit, as pictured above, offers beautiful, park-like setting and walking paths for employees. The Xplør I FORT WAYNE, IN 260) 487 3099 I www.xplorcommercial.com 919 S HARRISON ST. STE S00 COMMERCIAL BEA TAT OFFICE SPACE FOR LEASE LEADERS IN MARKET KNOWLEDGE: Our modern approech through team-work and collaboration sets us apart from the "typical CRE firm, Alow us to navigate the industry for you through value-odded services and optimal benchmarks WATERSTONE OFFICE PARK 9602 - 9604 COLDWATER RD I NORTH FORT WAYNE AVAILABLE 1482 - 1,809 SF I S1700 PSF FULL SERVICE) DJ BUILDING MELUDWIG RD I CENTRAL FORT WAYNE AVAILABLE U94 - 7341 SF $14.00 - $15.00 PsF FULL SERVICE) SYCAMORE OFFICE PARK 406 - 46 SCOTT RD I SOUTH FORT WAYNE L852 SF 1 2 SPACES AVAILABLE S13.50 - $14.95 PSF (MODIRED GROSSI DOWNTOWN OFFICE BUILDING 00 WJEFFERSONBLVO IDOWNTOVNFORT WAYNE AVALABLE 269 SEw gn SE LOWER LEVEL $5,750 MONTHLY INNN Fort Wayne Office Market Experiences Bullish End in 2019 FROM XPLOR COMMERCAL Life is good in the office sector in the Fort Wayne market. With giant gains and roughly an 78% increase over the pri- or year in office and medical otfice sakes, Fort Wayne saw an influx of activity from local and national investors. Calhoun St. adds significant space to the downtown market. Accordingly, the va- cancy rate is expected to rise. However, overall, it's anticipated that the office-es- er sector will continue to show strength in 2020, and absorption of available space will provide positive growth. Other major areas of Fort Wayne offer great alternatives to ofice users and investors. The office park located along position when negotiating a lease as long berm vacancy rates have remained steady and landlords continue to push to fill their buildings for added income. In downtown Fort Wayne we have seen major strides the past several years and 200 town core are the reasonable lease rates, desirable parking for employees, and ease of access around the city. An area that offers optimistie gruwth for the last remaining raw land along the linois & 1-69 corridor is the parcel Hadley and Illinois Rds. With minimal land available, re-zoning, and desire for office or medical office developement in this area of Fort Wayne, potential users should keep an eye out for growth at this intersection. Southwest Fort Wayne offers estab- lished Class A options for users looking for highly visible locations within major retail corridors. A viable option with rea- sonable rates is the Scott Road region just off of llinois Road. This area includes dense retail, abundant parking, and ease of access via Illinois Road. with the ideal demographie makeup of this regione the city, office space is currently available with desirable build-out incentives. To take advantage of these positive economic indicators in the office sector, to find new office space, expand to a larg- er office, or if you are an owner looking to decrease your vacancy rate, call Xplor today. Offering a unique boutique ap- proach to office users and owners, we will create a customized approach to achieve all of your benchmarks. As a full-service brokerage, property and asset manage- ment company, Xplor has over 85 years of combined professional experience to review your needs and deliver your objec- tives. o is anticipated to be another exciting and strong year. New develop- ment and impeovements such as the new Promenade Park and boutique hotel con- In 2019 alone. Allen County expe rienced nearly S72 million in sale volume for office and medical office sales. These exciting numbers show the progress Fort Wayne is making in the Office real estate sector, which has struggled in the last XPLOR TEAM several years. The purchase of real estate occupied by Lincoln Financial Group downtoen was the largest ofice purchase in 2019. followed by a multi-tenant office build- ing on Dupont Circle Dr., then two office buildings southwest along Coventry Lane of and Magaavox Way. The professional office and medical office sector sales accounted for approx- imately 15% of the total commercial and industrial sales. The continued strength in the national, regional, and local econ omies, coupled with record low interest rates, points to a leading cause for the recent strength in office and commercial DJ Office Building located at 111 E Ludwig Road at the intersection of 149 and Coldwater sales. Lease rates for professional office and medical office are generally on the rise but typically vary by the class of build- ing with Class A buildings carrying the highest rates. Still, benants have a strong Road. This building presently offers 3 avälable suites 1,194 up to 7,141 square feet. tinue to enhance the downtown appeal for users and owners. The recent addition of over 100,00o square feet of new offce space at k3o0 S. benefit to locating outside of the down- I-69 at the Coldwater Exit, as pictured above, offers beautiful, park-like setting and walking paths for employees. The Xplør I FORT WAYNE, IN 260) 487 3099 I www.xplorcommercial.com 919 S HARRISON ST. STE S00 COMMERCIAL BEA TAT OFFICE SPACE FOR LEASE LEADERS IN MARKET KNOWLEDGE: Our modern approech through team-work and collaboration sets us apart from the "typical CRE firm, Alow us to navigate the industry for you through value-odded services and optimal benchmarks WATERSTONE OFFICE PARK 9602 - 9604 COLDWATER RD I NORTH FORT WAYNE AVAILABLE 1482 - 1,809 SF I S1700 PSF FULL SERVICE) DJ BUILDING MELUDWIG RD I CENTRAL FORT WAYNE AVAILABLE U94 - 7341 SF $14.00 - $15.00 PsF FULL SERVICE) SYCAMORE OFFICE PARK 406 - 46 SCOTT RD I SOUTH FORT WAYNE L852 SF 1 2 SPACES AVAILABLE S13.50 - $14.95 PSF (MODIRED GROSSI DOWNTOWN OFFICE BUILDING 00 WJEFFERSONBLVO IDOWNTOVNFORT WAYNE AVALABLE 269 SEw gn SE LOWER LEVEL $5,750 MONTHLY INNN