Apartment demand and the completed construction of new units in Indianapolis both reached a decade-high level in 2024. Net absorption, or the change in the number of occupied units, totaled 5,351 units. Over the same period, the highest number of completed apartment units were recorded, slightly outpacing renter demand.
Indianapolis apartment demand reaches decade high during 2024
Renter demand nearly matches massive supply wave
CoStar Analytics
January 30, 2025 | 8:11 P.M.
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