Rich Forslund | Colliers International | Indianapolis

Rich Forslund

Executive Vice President

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About

Professional Summary

Rich specializes in Office leasing and sales in the Indianapolis metropolitan market. During his commercial real estate career, Rich has quickly earned a nod as one of the market’s top brokers – completing over $800 million in transaction volume and representing many of the area’s most notable projects.

Rich has extensive experience on the developer / landlord side, with a strong suit in the positioning and marketing of many product / class types. He enjoys orchestrating the advantageous elements of a property in a fresh approach – to best present a property’s full “unique” story.

Rich keeps a pulse on the local market and greater industry trends. Consequently, he has become a go-to subject matter expert for local and national media – including the New York Times, Indianapolis Star, Indianapolis Business Journal, and other industry publications.  
Within a formal specialized team, Rich tackles sophisticated assignments with an exhaustive effort and consistent thoroughness. The team leverages in-depth market data – matched with proven strategies and strong negotiation skills – to assist clients in meeting their overall objectives. Energy, creative-thinking, and focus are notable strengths that have become part of Rich’s brand and has led to many long-term client relationships. 

Previously with NAI Olympia Partners, he was consistently among the firm's top producing brokers, was overall top producer for multiple years, and held a long-standing record within the firm for the most transactions within a year.  Most recently he was with Summit Realty Group/Cushman Wakefield, where he was also a top producing broker and was a partner/owner.

In his free time, Rich enjoys spending quality time with his wife and three daughters, exercising, and attending live music performances.

Accomplishments

Achievements & Affiliations

  •  Colliers Indianapolis Performance Awards:
    • Inductee.  Colliers Everest Club, recognizing top 10% of brokers across the U.S.  2019
    • Top Producing Team  2019
    • 2nd Top Producing Broker  2019
    • Largest Transaction  2019 & 2013
    • Peak Performance Brokerage  2011
  • Inductee.  Hall of Fame ― Midwest Real Estate News  2019
  • NAIOP Performance Awards:
    • Recipient.  People’s Choice Award, Visionary Project ― NAIOP 2018
    • Recipient.  Office Broker of the Year, Office Indy Team ― NAIOP 2017 
    • Recipient. Office Transaction of the Year, Office Indy Team ― NAIOP 2013
  • Panelist.  Indianapolis Business Journal (IBJ) CRE Power Breakfast  2014
  • Finalist.  Indy’s Best & Brightest ― Junior Achievement  2014
  • NAI Olympia Partners Performance Awards:
    • Recipient.  Overall Top Producer Award – NAI Olympia Partners  2009, 2010
    • Recipient.  Top Associate of the Year – NAI Olympia Partners  2009, 2010
  • Recipient.  Indianapolis Power Broker ― CoStar Group, multiple years
     

Community Involvement

  • City of Fishers Redevelopment Authority ― Mayor Appointed 
  •  Past Executive Board Member. Jerrell Freeman's Rise Above Foundation
  • Committee Member. The Main Event, Big Brothers Big Sisters of Central Indiana
  • Volunteer.  Patachou Foundation
  • Volunteer.  Wheeler Mission
  • Volunteer.  New Tech Community Mentoring Program

Education

B.A. Telecommunications, Marketing & Advertising
Indiana University - Bloomington, Indiana

Memberships & Involvements

Sigma Phi Epsilon
ICBR
IAR
NAR

Services

Skills
Project Leasing, Project Marketing
Service Lines
Landlord Representation, Tenant Representation
Property Types
Office

My Team

My Team

Featured Research
May 8, 2020
Office Market Facing Test at Start of 2020
The U.S. and the world at large are facing a tremendous challenge, the scale of which is unprecedented in recent history. The spread of the novel coronavirus CCOVID-19) is significantly altering day-to-day life, impacting society, the economy and, by extension, commercial real estate.
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Feb 7, 2020
Office Market Picks Up Speed After Slow Start
The Indianapolis office market vacancy rate increased by 60 bps year-over-year, triggered by high-profile headquarters consolidating and tenants shifting to new construction.
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Nov 8, 2019
Office Tenants Paying a Premium to Attract Talent
Employee recruitment and retention is key to a company's success. and record low unemployment is making hiring tough. Companies are paying a premium in real estate to differentiate their workspaces and draw talent, whether that added value be in new construction, on-site amenities, or an expensive interior build-out.
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Featured News
Jan 30, 2020
Rich Forslund inducted into Hall of Fame
Rich Forslund of Colliers International | Indianapolis has been inducted into Midwest Real Estate News (MREN) 2019 Commercial Real Estate Hall of Fame. Rich is a highly respected and accomplished industry professional, specializing in office leasing and sales throughout the Indianapolis market.
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Sep 22, 2018
Hendricks Commercial Properties Brings High Alpha Headquarters To Historic Bottleworks District
“In the last ten years, Indianapolis has quietly become a force in the technology sector, in the United States and beyond. The city is now a true hub for innovative ideas and growth. Which is why we are very pleased to announce High Alpha as the anchor tenant in our first new office building at the Bottleworks District..."
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Jul 26, 2018
Acquisition of 50 S Meridian
In the thick of the downtown revival, the project will feature a renovated main elevator lobby, common corridor upgrades, a new signage program and other significant improvements.
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May 24, 2018
Retaking the Rust Belt
As the scale of manufacturing in the Midwest has decreased, the role of the remaining real estate many times has not. Cities across the Rust Belt like Muncie, Indiana are filled with abandoned warehouses and plants...
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