Despite a slower pace of demand formation, vacancy has remained stable at 5.7% in the Indianapolis apartment market, in line with levels from a year ago. Rent growth has moderated a bit from a second-quarter peak, but at 10.5% is still outperforming most other major multifamily markets and the overall U.S. average.
Good Times Continue in the Indianapolis Apartment Market
Modest Development Pipeline Has Helped Keep Market Tight
CoStar Analytics
August 30, 2022 | 6:33 P.M.
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