A somewhat upbeat report was given this evening as F.C. Tucker/Lafayette Realtors presented its 18th annual State of Real Estate.
When reporting on the retail side of the real estate industry, Jennifer Stanfield, a broker associate with F.C. Tucker Commercial, said this year will include Farmers and Merchants Bank, Indiana University Health Arnett and Miracles Fitness constructing buildings at Wabash Commons, the former Kmart site in West Lafayette.
Nanshan America Advanced Aluminum Technologies and the recently announced Alcoa lithium plant, both to be built in Lafayette, were highlights of the industrial sector report.
“We’re falling short of an exciting turnaround, but we’re certainly moving in the right direction,” commercial division associate broker Kevin Bol told those attending the report meeting at Lafayette Theater.
The residential market in Greater Lafayette is benefiting from low interest rates, homes holding their value, and a diverse and strong economy.
“We feel our future holds an optimistic outlook, but one that has been challenged the last few years,” said Lou Johnson, broker with the residential division of F.C. Tucker/Lafayette Realtors.