Location Characteristics: Four interstate freeways (I-65, I-69, I-70 and I-74) and four federal highways converge in the Indianapolis region, making it possible to reach 75% of the U.S. within a one-day drive. Additionally, the bulk of demand for industrial space is centered around Indianapolis' large supply of logistics space: The metro's infrastructure, central location, and airport shipping services make for ideal ecosystems for national distributors to operate.

Market Insight: There were 12.3 million square feet of new industrial construction delivered at year-end 2023. Additionally, asking rents have increased dramatically since 2019, from $4.38 to $5.47. Historically low vacancies have allowed landlords to push asking rates to new heights as demand continues across the Indianapolis market. Since 2020, vacancy rates have dropped a significant 3%, and are expected to continue to decline through 2029.