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VACANCY
Apartment
The average Vacancy Rate was 4.4% in the Cincinnati metro
- Vacancy in the Cincinnati metro drifted upward by 40 basis points.
- The Cincinnati metro had the highest vacancy level since Q2 2021.
Distribution / Warehousing
The average Vacancy Rate was 9.1% in the Cincinnati metro
Flex / R&D
The average Vacancy Rate was 7.6% in the Cincinnati metro
Office
The average Vacancy Rate was 20.8% in the Cincinnati metro
Retail
The average Vacancy Rate was 10.8% in the Cincinnati metro
- Vacancy in the Cincinnati metro drifted upward by 30 basis points.
- The Cincinnati metro had the highest vacancy level since year-end 2019.
RENT
Apartment
The average Asking Rent was $1,165 in the Cincinnati metro
Distribution / Warehousing
The average Asking Rent was $4.71 in the Cincinnati metro
Flex / R&D
The average Asking Rent was $7.73 in the Cincinnati metro
- Rent in the Cincinnati metro was up 0.5% from Q3 2023.
- Rent has risen in every quarter since Q3 2020 in the Cincinnati metro.
Office
The average Asking Rent was $19.75 in the Cincinnati metro
Retail
The average Asking Rent was $16.67 in the Cincinnati metro
VACANCY
Apartment
The average Vacancy Rate was 5.2% in the Indianapolis metro
- Vacancy in the Indianapolis metro rose by 50 basis points.
- The Indianapolis metro had the highest vacancy level since Q2 2021.
Distribution / Warehousing
The average Vacancy Rate was 8.3% in the Indianapolis metro
- No vacancy change since Q3 2023 in the Indianapolis metro.
- The Indianapolis metro had the highest vacancy level since Q3 2021.
Flex / R&D
The average Vacancy Rate was 4.3% in the Indianapolis metro
- Vacancy in the Indianapolis metro drifted upward by 10 basis points.
- The Indianapolis metro had the highest vacancy level since year-end 2021.
Office
The average Vacancy Rate was 21.1% in the Indianapolis metro
- Vacancy in the Indianapolis metro drifted upward by 20 basis points.
- The Indianapolis metro had the highest vacancy level since Q2 1997.
Retail
The average Vacancy Rate was 16.4% in the Indianapolis metro
RENT
Apartment
The average Asking Rent was $1,136 in the Indianapolis metro
Distribution / Warehousing
The average Asking Rent was $5.77 in the Indianapolis metro
- Rent in the Indianapolis metro was up 0.5% from Q3 2023.
- Rent has risen in every quarter for the past three years in the Indianapolis metro.
Flex / R&D
The average Asking Rent was $8.75 in the Indianapolis metro
- Rent in the Indianapolis metro was up 1.0% from Q3 2023.
- Rent has risen in every quarter for the past three years in the Indianapolis metro.
Office
The average Asking Rent was $20.54 in the Indianapolis metro
Retail
The average Asking Rent was $15.77 in the Indianapolis metro
- Rent in the Indianapolis metro was up 0.1% from Q3 2023.
- Rent Has risen for eight consecutive quarters in the Indianapolis metro.
VACANCY
Apartment
The average Vacancy Rate was 6.0% in the Louisville metro
- Vacancy in the Louisville metro drifted upward by 20 basis points.
- The Louisville metro had the highest vacancy level since year-end 2021.
Distribution / Warehousing
The average Vacancy Rate was 5.3% in the Louisville metro
- Vacancy in the Louisville metro rose by 110 basis points.
- The Louisville metro had the highest vacancy level since year-end 2021.
Office
The average Vacancy Rate was 21.1% in the Louisville metro
- Vacancy in the Louisville metro increased by 120 basis points.
- The Louisville metro had the highest vacancy level since Q3 1999.
Retail
The average Vacancy Rate was 10.1% in the Louisville metro
RENT
Apartment
The average Asking Rent was $1,007 in the Louisville metro
Distribution / Warehousing
The average Asking Rent was $5.56 in the Louisville metro
- Rent in the Louisville metro was up 0.7% from Q3 2023.
- Rent has risen in every quarter for the past three years in the Louisville metro.