The Indianapolis industrial sector's annual rent growth is now 3.7% following a decline by nearly 400 basis points since the beginning of the year. Rent growth was driven downward by the delivery of 8.4 million square feet of industrial space, while tenant demand equated to 5.9 million square feet over the past 12 months.
Indianapolis industrial rent growth could recover back to pre-pandemic levels in 2025
Fresh supply kept vacancies elevated this year, driving rent growth lower
CoStar Analytics
November 15, 2024 | 2:56 P.M.
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