• Indianapolis experienced 4.3 million sq. ft. of positive net absorption during Q3 2019, the 36th consecutive quarter with positive net absorption.
  • The market vacancy rate declined 50 bps quarter-over-quarter to 3.4%.
  • The average asking lease rate rose $0.17 quarter-over-quarter to $4.51 per sq. ft. NNN.
  • Indianapolis posted 3.1 million sq. ft. of industrial completed construction projects.