Insights
Indiana
BACK TO INSIGHTSMarket Overview
BACK TO INSIGHTSEXPLORE 3 Indiana MARKETSToggle markets
VACANCY
Apartment
The average Vacancy Rate was 4.5% in the Cincinnati metro
Distribution / Warehousing
The average Vacancy Rate was 8.8% in the Cincinnati metro
- Vacancy in the Cincinnati metro fell by 130 basis points.
- The Cincinnati metro had the lowest vacancy level since year-end 2022.
Flex / R&D
The average Vacancy Rate was 5.4% in the Cincinnati metro
- Vacancy in the Cincinnati metro fell by 60 basis points.
- The Cincinnati metro was among the 20 lowest vacancies nationally.
Office
The average Vacancy Rate was 21.3% in the Cincinnati metro
- Vacancy in the Cincinnati metro drifted upward by 10 basis points.
- The Cincinnati metro had the highest vacancy level since Q3 1995.
Retail
The average Vacancy Rate was 10.9% in the Cincinnati metro
- Vacancy in the Cincinnati metro drifted upward by 20 basis points.
- The Cincinnati metro had the highest vacancy level since year-end 2019.
RENT
Apartment
The average Asking Rent was $1,243 in the Cincinnati metro
- Rent in the Cincinnati metro was up 0.3% from year-end 2024.
- Rent Has risen for eight consecutive quarters in the Cincinnati metro.
Distribution / Warehousing
The average Asking Rent was $4.88 in the Cincinnati metro
- Rent in the Cincinnati metro was up 0.4% from year-end 2024.
- Rent has risen in every quarter since Q2 2021 in the Cincinnati metro.
Flex / R&D
The average Asking Rent was $7.90 in the Cincinnati metro
Office
The average Asking Rent was $20.11 in the Cincinnati metro
Retail
The average Asking Rent was $16.94 in the Cincinnati metro
VACANCY
Apartment
The average Vacancy Rate was 5.8% in the Indianapolis metro
- Vacancy in the Indianapolis metro drifted upward by 10 basis points.
- The Indianapolis metro had the highest vacancy level since Q3 2015.
Distribution / Warehousing
The average Vacancy Rate was 10.7% in the Indianapolis metro
- Vacancy in the Indianapolis metro drifted upward by 30 basis points.
- The Indianapolis metro was among the 20 highest vacancies nationally.
Flex / R&D
The average Vacancy Rate was 4.3% in the Indianapolis metro
- The Indianapolis metro had the lowest vacancy in the Midwest region, thirteenth lowest in the nation.
- Vacancy in the Indianapolis metro drifted upward by 10 basis points.
Office
The average Vacancy Rate was 21.9% in the Indianapolis metro
Retail
The average Vacancy Rate was 17.6% in the Indianapolis metro
- The Indianapolis metro had the highest vacancy in the nation.
- Vacancy in the Indianapolis metro drifted downward by 20 basis points.
RENT
Apartment
The average Asking Rent was $1,168 in the Indianapolis metro
Distribution / Warehousing
The average Asking Rent was $5.98 in the Indianapolis metro
- The Indianapolis metro had the fastest rent growth in the Midwest region, eighth most rapid in the nation.
- Indianapolis metro had its fastest rent rate of increase in six quarters.
- Rent has risen in every quarter since year-end 2020 in the Indianapolis metro.
Flex / R&D
The average Asking Rent was $9.00 in the Indianapolis metro
- Rent in the Indianapolis metro was up 0.6% from year-end 2024.
- Rent has risen in every quarter since year-end 2020 in the Indianapolis metro.
Office
The average Asking Rent was $20.78 in the Indianapolis metro
Retail
The average Asking Rent was $15.95 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 Q2 2021.
Distribution / Warehousing
The average Vacancy Rate was 6.5% in the Louisville metro
Office
The average Vacancy Rate was 24.7% in the Louisville metro
- Vacancy in the Louisville metro rose by 90 basis points.
- The Louisville metro was among the 20 highest vacancies nationally.
Retail
The average Vacancy Rate was 11.7% in the Louisville metro
- Vacancy in the Louisville metro rose by 130 basis points.
- The Louisville metro had the highest vacancy level since Q3 1999.
RENT
Apartment
The average Asking Rent was $1,028 in the Louisville metro
Distribution / Warehousing
The average Asking Rent was $5.73 in the Louisville metro
- Rent in the Louisville metro was up 0.2% from year-end 2024.
- Rent has risen in every quarter since year-end 2020 in the Louisville metro.