• Total net absorption for the Indianapolis market in Q3 2019 was negative 292,137 sq. ft., focused on Suburban Indianapolis.
  • Asking rates in the Indianapolis metro area increased marginally to $20.69. Class A asking rates increased by $0.14 and Class B asking rates decreased by $0.05.
  • The market vacancy rate increased quarter-over-quarter to 17.6%, with Class A vacancy rates increased 121 bps to 18.7% and Class B decreasing 23 bps to 14.8%
  • One new office building began construction in Midtown at the 16tech district totaling 120,000 sq. ft.