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By John Schenk and Parker Gilmore, CBRE For two decades, Cincinnati did not see many new apartment projects built compared with its peer cities, with annual deliveries trickling along at roughly 965 units between 2000 and 2020, while merchant builders showed a preference to Columbus or Indianapolis for their…
Indianapolis ranked as the top multifamily investment market in the U.S., in the latest Top Markets for Multifamily Investment Report from Arbor Realty Trust and @Chandan Economics. The market has been supported by strong labor market conditions, tight occupancy levels, and a favorable affordability profile. The…
Cushman & Wakefield's Q1 2026 Indianapolis industrial market report shows strong tenant demand with net absorption reaching 3.3 million square feet (up 3,798.1% year-over-year), while the overall vacancy rate declined 380 basis points to 7.2% and asking rents remained relatively flat at $6.15 per square foot. Construction completions totaled just over 500,000 square feet—the lowest since Q1 2019—with the under-construction pipeline at 3.9 million square feet consisting primarily of build-to-suit projects, while warehouse and distribution leasing accounted for 90.2% of new leasing activity.
This is a data report published by CBRE on March 31, 2026 presenting office sector figures for Indianapolis in the first quarter of 2026. The report covers office market metrics for Indianapolis, Indiana and includes national context.
This is a quarterly data report published by CBRE on March 31, 2026, presenting industrial sector figures for Indianapolis, Indiana in the first quarter of 2026.
The Indianapolis retail market recorded net absorption of negative 18,000 square feet in Q1 2026 with an overall vacancy rate of 4.8%, while average asking rents increased 6.5% quarter-over-quarter to $17.97 per square foot triple net. As of Q4 2025, Indianapolis employment stood at 1.2 million with an unemployment rate of 3.4%, and the median household income reached $83,600.
Cushman & Wakefield's Q1 2026 Indianapolis office market report documents that overall net absorption reached 92,000 square feet with a 20.8% vacancy rate and asking rents of $21.83 per square foot, driven primarily by strong Class A tenant demand concentrated in suburban submarkets particularly Keystone. The construction pipeline remains at a five-year low with only 70,000 square feet under construction, while investor sales dominated transaction activity at 87.3% of the 400,000 square feet in office sales during the quarter.