The 1st quarter of 2018 got off to a great start by absorbing over 1 million square feet and the completion of new buildings in the Indianapolis Industrial market. The 1st quarter delivered over 1.2 million SF in new product. The vacancy rate increased this quarter nearly rising a full point from last quarter’s 4.38% to 5.33%. Construction remains active in the Indianapolis market with almost 6 million SF underway along with several projects expected to be complete by mid-2018. Notable deliveries this quarter include the 100,000 SF BorgWarner building in the Northeast submarket and Scannell’s 232,500 SF building in Greenwood.
Found this helpful? Share it with your network.
Get the 2018 CRE Outlook for Indiana.
Plus + follow the latest commercial real estate news, research reports,
drone tours, and much more with the RESOURCE newsletter.
Free and delivered straight to your inbox.