• Indianapolis experienced 1.6 million sq. ft. of positive net absorption during Q4 2019, the 37th consecutive quarter with positive net absorption.
  • The market vacancy rate increased 44 bps quarter-over-quarter to 3.9%.
  • The average asking lease rate fell $0.11 per sq. ft. quarter-over-quarter to $4.40 per sq. ft. NNN.
  • Indianapolis posted 2.2 million sq. ft. of industrial completed construction projects.