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Carmel City Center is a one-million-square-foot (93,000 m 2), $300 million, mixed-use development located in the heart of Carmel. [35] Carmel City Center is home to The Palladium at the Center for the Performing Arts, which includes a 1,600-seat concert hall, 500-seat theater, and 200-seat black box theater. This pedestrian-based master plan ...
The highest and best use of the site is to demolish the house and sell the site as a commercial lot. The market value would be $225,000 ($250,000 site value minus $25,000 demolition cost). However, if the demolition costs rose to $55,000, the highest and best use would be the existing residential use, because the value as a commercial lot (now ...
e. The economy of Indianapolis is centered on the City of Indianapolis and Marion County within the context of the larger Indianapolis metropolitan area. The Indianapolis–Carmel–Anderson, IN MSA, had a gross domestic product (GDP) of $134 billion in 2015. The top five industries were: finance, insurance, real estate, rental, and leasing ...
317, 463, 765, 812, 930. The Indianapolis metropolitan area is an 11-county metropolitan area in the U.S. state of Indiana. Its principal cities are Indianapolis, Carmel, Greenwood, and Anderson. [1] Other primary cities with populations of more than 50,000 include Fishers, Noblesville, and Westfield. Located in Central Indiana, it is the ...
Comparables (or comps) is a real estate appraisal term referring to properties with characteristics that are similar to a subject property whose value is being sought. This can be accomplished either by a real estate agent who attempts to establish the value of a potential client's home or property through market analysis or, by a licensed or certified appraiser or surveyor using more defined ...
Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand. The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...
Indianapolis (/ ˌɪndiəˈnæpəlɪs / IN-dee-ə-NAP-ə-lis), [10][11] colloquially known as Indy, is the capital and most populous city of the U.S. state of Indiana and the seat of Marion County. Indianapolis is situated in the state's central till plain region along the west fork of the White River.
The US Commercial Real Estate Index ("CREI") is designed to demonstrate the relative strength of the US Commercial Real Estate market. Created in 2014, the US CREI was created by CRE Demographics, LLC, and examines eight economic drivers in order to determine relative market strength. [ 1]
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