The 3rd quarter of 2018 has marked another exceptional quarter in the Indianapolis Industrial market with over 2.7 million SF in newly delivered product along with several buildings breaking ground. The streak of positive absorption continues with 2,228,455 SF absorbed this quarter. The vacancy rate decreased for the second quarter in a row from last quarter’s 5.25% to 5.02%. Construction remains robust in the Indianapolis market with almost 6 million SF underway along with many projects expected to be complete by early-2019. Notable deliveries this quarter include the 496,072 SF speculative Greenpoint Logistics Center in the South submarket and 400,000 SF Brooks Running building in the Northwest submarket.

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