Thinking of investing in the Indiana Real Estates Market? Here is some food for thought.
Considered the crossroads of America, Indianapolis has a highly diversified economy that contains many attractive employment opportunities for prospective tenants. When combined with an attractive cost of land and strong rental cash flows, it represents a tremendous opportunity for prospective investors.
Indianapolis, the capitol city of Indiana, is the 14th largest city in the U.S. Indianapolis has a diversified economy, contributing to the fields of manufacturing, distribution, education, health care, and finance. The city also plays host to numerous conventions and sporting events.
Here at Indiana Property Group we work to identify attractive options for investors. We will work hard to help you find the ideal opportunity for your specific situation.
Forbes Magazine has ranked Indianapolis #10 in its survey of top US cities. This ranking is primarily driven by the strong employment, low cost of living, and attractive growth prospects of the area. Major employers such as Eli Lilly are planning future expansion in the Indianapolis area, and this will only serve to increase its viability as a location for investments. In addition to Eli Lilly, Rolls-Royce is committing to expansion in Indianapolis. The Rolls-Royce Corporation is a leader in manufacturing, Research and development for gas turbine engines.
Indianapolis is the international headquarters of the pharmaceutical corporation Eli Lilly and Company. Eli Lilly had revenues of $19.6 billion in 2014, making it the 148th largest company in the United States and the 10th largest corporation by global pharmaceutical sales. The company is publicly traded on the New York Stock Exchange and is a member of the S&P 500 stock index. The total number of employees for Eli Lilly stood at 37,925 in 2014.
Indianapolis also plays host to wireless distribution & logistics provider Brightpoint, health insurance provider Wellpoint, insurance company American United Life, Republic Airways Holdings, and real estate companies Simon Property Group & Hunt Construction Group. Other major Indianapolis area employers include Clarian Health, Sallie Mae, Cook Group, Rolls Royce, Delta Faucet Company and General Motors.
Indianapolis has also developed into a major logistics center. It is home to a FedEx hub and many major distribution centers for companies like Amazon.com, FoxConn, and numerous pharmaceutical distributors.
With such a broad base of employment opportunities, Indianapolis represents a highly attractive opportunity for investment property owners.
Indianapolis contains a broad base of higher education, and is the home of: Brown Mackie College, Butler University, Indiana University-Purdue University Indianapolis (IUPUI), Indiana Wesleyan University, Ivy Tech Community College of Indiana, Marian College, Martin University, Oakland City University (Indianapolis) Indianapolis campus, The Art Institute of Indianapolis, and the University of Indianapolis.
The median income for a household for a family in 2014 was $66,265.. About 9.0% of families and 11.8% of the population were below the poverty line, including 16.1% of those under the age of 18 and 8.1% of those ages 65 or older. These characteristics support the strength of Indianapolis as an investment opportunity, since the household income is relatively high in comparison to the cost of housing and the poverty rate is relatively low. This creates an attractive environment for investment, since there is a healthy pool of potential renters with steady employment.
Indianapolis’s future appears bright as the city continues to invest heavily in improvement projects, such as an expansion to the Convention Center, upgrading of the I-465 beltway and an entirely new airport terminal for the Indianapolis International Airport, which is now open.
If you are interested in the investment opportunities available with the Indianapolis Market, contact Indiana Property Group for a one-on-one consultation. We are ready to help you realize the success that you have ever dreamed of. Are you ready to take the next step?