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    November 22, 2024
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Fort Wayne Office Market Trend: Long-Term Growth FROM XPLOR COMMERCIAL The Fort Wayne office market is re- maining steady with a small decrease in vacancies. Cranes and construction workers still line Fort Wayne streets, which is a good sign of continued investment. It is hard to deny all of the major additions Fort Wayne has seen in recent years with the newest announcement of a 7,500 seat soccer stadium scheduled to open in 2026. Downtown activity, city popula- tion growth, and office expansions continued to flourish in 2024. Office user trends this year showed either property ownership or to sign a long term lease. These two factors prove business owners are looking toward the future in Fort Wayne with long- term goals. When assessing one's own situ- ation, leasing and ownership have their pros and cons. In today's market should one own or lease office space? One of the top reasons business owners decide to lease is to bypass the high demands of maintenance and the foreboding "unexpected." Owners are busy running a business, why add the stress of property ownership to an already over-committed day? Here is why: real estate equity. The property becomes a tangible asset on your books to leverage when seek- ing credit, a tax break, potential pas- sive income from a lease, or additional profit from a property sale. If this interests you, here is how only allow you to build equity through real estate investment, it also is the best hands-off approach to ownership. Property Managers handle simple tasks such as ensuring parking lots are plowed on snowy days to more Xplor Centier Bank opened a 13,500 SF bank branch at 127 W Berry in the fall of 2024 demonstrating another strong commitment to Fort Wayne's downtown economy. you can own your work environment complex projects like construction without the headaches of property management or comprehensive repair after an accident. oversight: hire a property manager to handle all day-to-day duties. Property Management will not There is no project too small or large for a seasoned Manager to handle. A Manager's primary role is to make ownership easy by handling daily nuances so you can get back to your primary role, running a success- ful business. Property ownership has never been easier with so many hands-off ameni- ties today's world offers. If you are a business owner considering buying an office, or an existing user looking for better maintenance options, Xplor Commercial Real Estate is able to help. Whether you need to answer ques tions, address concerns, or complete a cost savings analysis, Xplor is able to offer a personalized occupancy review. A professional assessment determines if ownership makes sense with your bottom-line and what steps to take toward that goal. The Xplor team has over 100 years of combined experience in the com- mercial real estate field. A boutique firm based in downtown Fort Wayne, our office takes a team approach to your situation and will be with you ev- ery step of the way toward your goals. Currently managing over 2 million square feet in Northeast Indiana, you can be confident that you are in great hands. (Figures for this article were provided by Costar, ICRIX, and Allen County) XPLOR Solutions XPLOR Freedom DENNIS CALLISON PRESIDENT BROKER KIENAN O'ROURKE VICE PRESIDENT I BROKER Xplor is a boutique commercial real estate firm based in Fort Wayne. Committed to providing each client with tailored solutions to maximize return through exceptional service. In today's competive environment of commercial real estate, our knowledgeable professionals are here to help source opportunities for any property type, assess value, facilitate purchases and sales, advise management options, secure and retain tenants, negotiate leases, and navigate financing options TOM DEITCHE PROPERTY MANAGEMENT NEAL WORDEN BROKER APPRAISER JAMES JAMICICH, JR BROKER PATRICK ROMARY BROKER Our client-centered approach builds trust, develops strong relationships. and never leaves a client on hold. As a full-service brokerage agency, we offer more than your average Realtor Xplor provides buyer landlord, and tenant representation and has the knowledge and resources needed to create customized solutions for any project big or small From site selec son to asset management, our team puts our over 100 years of combined experience toward every client success. XPLOR COMMERCIAL REAL ESTATE 127 W BERRY ST, STE 700 FORT WAYNE, IN 46802 (260) 487-3699 www.xplorcommercial.com Fort Wayne Office Market Trend : Long - Term Growth FROM XPLOR COMMERCIAL The Fort Wayne office market is re- maining steady with a small decrease in vacancies . Cranes and construction workers still line Fort Wayne streets , which is a good sign of continued investment . It is hard to deny all of the major additions Fort Wayne has seen in recent years with the newest announcement of a 7,500 seat soccer stadium scheduled to open in 2026 . Downtown activity , city popula- tion growth , and office expansions continued to flourish in 2024. Office user trends this year showed either property ownership or to sign a long term lease . These two factors prove business owners are looking toward the future in Fort Wayne with long- term goals . When assessing one's own situ- ation , leasing and ownership have their pros and cons . In today's market should one own or lease office space ? One of the top reasons business owners decide to lease is to bypass the high demands of maintenance and the foreboding " unexpected . " Owners are busy running a business , why add the stress of property ownership to an already over - committed day ? Here is why : real estate equity . The property becomes a tangible asset on your books to leverage when seek- ing credit , a tax break , potential pas- sive income from a lease , or additional profit from a property sale . If this interests you , here is how only allow you to build equity through real estate investment , it also is the best hands - off approach to ownership . Property Managers handle simple tasks such as ensuring parking lots are plowed on snowy days to more Xplor Centier Bank opened a 13,500 SF bank branch at 127 W Berry in the fall of 2024 demonstrating another strong commitment to Fort Wayne's downtown economy . you can own your work environment complex projects like construction without the headaches of property management or comprehensive repair after an accident . oversight : hire a property manager to handle all day - to - day duties . Property Management will not There is no project too small or large for a seasoned Manager to handle . A Manager's primary role is to make ownership easy by handling daily nuances so you can get back to your primary role , running a success- ful business . Property ownership has never been easier with so many hands - off ameni- ties today's world offers . If you are a business owner considering buying an office , or an existing user looking for better maintenance options , Xplor Commercial Real Estate is able to help . Whether you need to answer ques tions , address concerns , or complete a cost savings analysis , Xplor is able to offer a personalized occupancy review . A professional assessment determines if ownership makes sense with your bottom - line and what steps to take toward that goal . The Xplor team has over 100 years of combined experience in the com- mercial real estate field . A boutique firm based in downtown Fort Wayne , our office takes a team approach to your situation and will be with you ev- ery step of the way toward your goals . Currently managing over 2 million square feet in Northeast Indiana , you can be confident that you are in great hands . ( Figures for this article were provided by Costar , ICRIX , and Allen County ) XPLOR Solutions XPLOR Freedom DENNIS CALLISON PRESIDENT BROKER KIENAN O'ROURKE VICE PRESIDENT I BROKER Xplor is a boutique commercial real estate firm based in Fort Wayne . Committed to providing each client with tailored solutions to maximize return through exceptional service . In today's competive environment of commercial real estate , our knowledgeable professionals are here to help source opportunities for any property type , assess value , facilitate purchases and sales , advise management options , secure and retain tenants , negotiate leases , and navigate financing options TOM DEITCHE PROPERTY MANAGEMENT NEAL WORDEN BROKER APPRAISER JAMES JAMICICH , JR BROKER PATRICK ROMARY BROKER Our client - centered approach builds trust , develops strong relationships . and never leaves a client on hold . As a full - service brokerage agency , we offer more than your average Realtor Xplor provides buyer landlord , and tenant representation and has the knowledge and resources needed to create customized solutions for any project big or small From site selec son to asset management , our team puts our over 100 years of combined experience toward every client success . XPLOR COMMERCIAL REAL ESTATE 127 W BERRY ST , STE 700 FORT WAYNE , IN 46802 ( 260 ) 487-3699 www.xplorcommercial.com