2023 Annual Market Report

2023 Annual Market Report

In 2023, Northwest Indiana’s commercial real estate sector weathered shifts in interest rates and inflation, marked by the Federal Reserve’s steady stance. Despite national uncertainties, our region maintained resilience, witnessing fluctuations across asset classes. While office markets adapted to remote work dynamics and industrial sectors saw unprecedented speculative growth, retail markets flourished amid strong migration trends. As we stride into 2024, the market anticipates further adjustments amidst political landscapes and economic reforms. Explore our comprehensive report for insights into evolving trends and projections shaping Northwest Indiana’s dynamic real estate landscape.

Latitude Commercial provides commercial real estate services such as purchasing, leasing, landlord representation, tenant representation, and commercial property management throughout the states of Illinois and Indiana. To find out how we can help you, call us today at (219) 864-0200.

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