The 2nd quarter of 2018 has marked another exceptional quarter in the Indianapolis Industrial market with over 2.1 million SF in newly delivered product along with many projects breaking ground. The streak of positive absorption continues with 1,072,358 SF absorbed this quarter. The vacancy rate decreased slightly this quarter from last quarter’s 5.33% to 5.25%. Construction remains active in the Indianapolis market with over 5.2 million SF underway along with several projects expected to be complete by late-2018. Notable deliveries this quarter include the 360,000 SF Ken’s Foods building in the Northwest submarket and 372,000 SF Metro Air 6 building in Plainfield.
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