Pinning Down Data on Quickly Shifting Industrial, Office & Retail Markets.
northwest indiana market overview
The Northwest Indiana region continues to benefit from its business-friendly environment and proximity to the Chicago market. Because of this, the region is seeing a growth in new companies and residents locating in the area. Several cities and towns have begun investing heavily in key areas in hopes of transforming their communities. Several mixed-use developments are under construction in Valparaiso, LaPorte, Whiting,and Portage. These projects are expected to bring more than 1,000 new residential units, and quality new ground-floor retail space to the market. To assist with the growth occurring in northwest Indiana, transportation developments are underway. The South Shore’s $764 million West Lake Corridor project is expected to reach high-growth areas in Lake County, as well as create a faster, less expensive, and more reliable form of transportation to the Chicago market and surrounding areas.