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Indiana
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VACANCY
Apartment
The average Vacancy Rate was 4.3% in the Cincinnati metro
- Vacancy in the Cincinnati metro drifted downward by 10 basis points.
- The Cincinnati metro had the lowest vacancy level since Q1 2020.
- Vacancy is expected to finish 2022 at 4.4% in the Cincinnati metro.
Distribution / Warehousing
The average Vacancy Rate was 10.6% in the Cincinnati metro
- Vacancy in the Cincinnati metro drifted downward by 30 basis points.
- The Cincinnati metro had the lowest vacancy level since year-end 2018.
- Vacancy is expected to finish 2022 at 9.9% in the Cincinnati metro.
Flex / R&D
The average Vacancy Rate was 8.0% in the Cincinnati metro
- Vacancy in the Cincinnati metro fell by 290 basis points.
- The Cincinnati metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 7.3% in the Cincinnati metro.
Office
The average Vacancy Rate was 20.7% in the Cincinnati metro
- Vacancy in the Cincinnati metro increased by 130 basis points.
- The Cincinnati metro had the highest vacancy level since Q3 1995.
- Vacancy is expected to finish 2022 at 19.3% in the Cincinnati metro.
Retail
The average Vacancy Rate was 10.4% in the Cincinnati metro
- The Cincinnati metro had the lowest vacancy in the Midwest region, third lowest in the nation.
- Vacancy in the Cincinnati metro drifted upward by 20 basis points.
- Vacancy is expected to finish 2022 at 10.5% in the Cincinnati metro.
RENT
Apartment
The average Asking Rent was $1,117 in the Cincinnati metro
- The Cincinnati metro had the fastest rent growth in the Midwest region, third most rapid in the nation.
- Rent has risen in every quarter since Q1 2010 in the Cincinnati metro.
- Rent is expected to finish 2022 at $1,153 in the Cincinnati metro.
Distribution / Warehousing
The average Asking Rent was $4.09 in the Cincinnati metro
- Rent in the Cincinnati metro was up 1.0% from year-end 2021.
- Rent is expected to finish 2022 at $4.25 in the Cincinnati metro.
Flex / R&D
The average Asking Rent was $6.87 in the Cincinnati metro
- Rent in the Cincinnati metro was up 0.9% from year-end 2021.
- Rent Has risen for six consecutive quarters in the Cincinnati metro.
- Rent is expected to finish 2022 at $7.05 in the Cincinnati metro.
Office
The average Asking Rent was $19.72 in the Cincinnati metro
- Rent in the Cincinnati metro was down 0.5% from year-end 2021.
- Rent has been in decline for six consecutive quarters in the Cincinnati metro.
- Rent is expected to finish 2022 at $19.82 in the Cincinnati metro.
Retail
The average Asking Rent was $16.56 in the Cincinnati metro
- Rent in the Cincinnati metro was down 0.1% from year-end 2021.
- Rent is expected to finish 2022 at $16.65 in the Cincinnati metro.
VACANCY
Apartment
The average Vacancy Rate was 4.8% in the Indianapolis metro
- Vacancy in the Indianapolis metro drifted downward by 20 basis points.
- The Indianapolis metro had the lowest vacancy level since year-end 1993.
- Vacancy is expected to finish 2022 at 4.8% in the Indianapolis metro.
Distribution / Warehousing
The average Vacancy Rate was 5.9% in the Indianapolis metro
- The Indianapolis metro had the tenth lowest vacancy in the nation and the eighth lowest in the Midwest.
- Vacancy in the Indianapolis metro declined by 80 basis points.
- The Indianapolis metro had the lowest vacancy level since Q3 2009.
Flex / R&D
The average Vacancy Rate was 4.9% in the Indianapolis metro
- The Indianapolis metro had the lowest vacancy in the nation.
- Vacancy in the Indianapolis metro drifted upward by 20 basis points.
- Vacancy is expected to finish 2022 at 4.4% in the Indianapolis metro.
Office
The average Vacancy Rate was 20.7% in the Indianapolis metro
- Vacancy in the Indianapolis metro drifted upward by 30 basis points.
- Vacancy is expected to finish 2022 at 20.4% in the Indianapolis metro.
Retail
The average Vacancy Rate was 16.4% in the Indianapolis metro
- Vacancy in the Indianapolis metro drifted upward by 20 basis points.
- Vacancy is expected to finish 2022 at 16.0% in the Indianapolis metro.
RENT
Apartment
The average Asking Rent was $1,066 in the Indianapolis metro
- Rent in the Indianapolis metro was up 3.6% from year-end 2021.
- Rent is expected to finish 2022 at $1,096 in the Indianapolis metro.
Distribution / Warehousing
The average Asking Rent was $4.83 in the Indianapolis metro
- Rent in the Indianapolis metro was up 1.5% from year-end 2021.
- Rent is expected to finish 2022 at $4.97 in the Indianapolis metro.
Flex / R&D
The average Asking Rent was $7.60 in the Indianapolis metro
- Rent in the Indianapolis metro was up 1.2% from year-end 2021.
- Rent is expected to finish 2022 at $7.80 in the Indianapolis metro.
Office
The average Asking Rent was $20.15 in the Indianapolis metro
- Rent in the Indianapolis metro was up 0.4% from year-end 2021.
- Rent is expected to finish 2022 at $20.10 in the Indianapolis metro.
Retail
The average Asking Rent was $15.65 in the Indianapolis metro
- Rent in the Indianapolis metro was up 0.1% from year-end 2021.
- Rent is expected to finish 2022 at $15.67 in the Indianapolis metro.
VACANCY
Apartment
The average Vacancy Rate was 5.3% in the Louisville metro
- Vacancy in the Louisville metro drifted downward by 20 basis points.
- The Louisville metro had the lowest vacancy level since Q1 2018.
- Vacancy is expected to finish 2022 at 5.3% in the Louisville metro.
Distribution / Warehousing
The average Vacancy Rate was 4.5% in the Louisville metro
- Vacancy in the Louisville metro fell by 50 basis points.
- The Louisville metro had the lowest vacancy level since Q1 2017.
- Vacancy is expected to finish 2022 at 4.6% in the Louisville metro.
Office
The average Vacancy Rate was 19.8% in the Louisville metro
- Vacancy in the Louisville metro drifted downward by 10 basis points.
- Vacancy is expected to finish 2022 at 19.9% in the Louisville metro.
Retail
The average Vacancy Rate was 9.9% in the Louisville metro
- Vacancy in the Louisville metro drifted upward by 10 basis points.
- Vacancy is expected to finish 2022 at 9.9% in the Louisville metro.
RENT
Apartment
The average Asking Rent was $979 in the Louisville metro
- Rent in the Louisville metro was up 3.8% from year-end 2021.
- Rent is expected to finish 2022 at $1,004 in the Louisville metro.
Distribution / Warehousing
The average Asking Rent was $4.62 in the Louisville metro
- Rent in the Louisville metro was up 1.1% from year-end 2021.
- Rent is expected to finish 2022 at $4.75 in the Louisville metro.
Office
The average Asking Rent was $17.96 in the Louisville metro
- The Louisville metro remained flat rent since year-end 2021.
- Rent is expected to finish 2022 at $17.96 in the Louisville metro.
Retail
The average Asking Rent was $17.46 in the Louisville metro
- Rent in the Louisville metro was up 0.1% from year-end 2021.
- Rent is expected to finish 2022 at $17.57 in the Louisville metro.