Insights
Indiana
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BACK TO INSIGHTSEXPLORE 3 Indiana MARKETSToggle markets
VACANCY
Apartment
Average Vacancy Rate 4.1%
- No change since Q1 2020.
- Expected to finish 2020 at 5.1%.
Distribution / Warehousing
Average Vacancy Rate 14.7%
- Declined by 60 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2020 at 15.0%.
Flex / R&D
Average Vacancy Rate 11.1%
- Drifted downward by 10 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2020 at 13.5%.
Office
Average Vacancy Rate 18.2%
- Drifted downward by 20 basis points.
- Expected to finish 2020 at 20.1%.
Retail
Average Vacancy Rate 10.8%
- Drifted upward by 10 basis points.
- Expected to finish 2020 at 13.3%.
RENT
Apartment
Average Asking Rent $958
- Up 0.3% from Q1 2020.
- Has risen in every quarter since Q1 2010.
- Expected to finish 2020 at $941.
Distribution / Warehousing
Average Asking Rent $3.80
- Up 0.5% from Q1 2020.
- Expected to finish 2020 at $3.62.
Flex / R&D
Average Asking Rent $6.65
- Up 0.3% from Q1 2020.
- Expected to finish 2020 at $6.19.
Office
Average Asking Rent $20.05
- Down 0.3% from Q1 2020.
- Expected to finish 2020 at $19.66.
Retail
Average Asking Rent $16.49
- Down 0.5% from Q1 2020.
- Expected to finish 2020 at $15.54.
VACANCY
Apartment
Average Vacancy Rate 5.3%
- Drifted upward by 20 basis points.
- Highest level since Q1 2018.
- Expected to finish 2020 at 7.3%.
Distribution / Warehousing
Average Vacancy Rate 10.5%
- Drifted downward by 20 basis points.
- Expected to finish 2020 at 11.9%.
Flex / R&D
Average Vacancy Rate 10.5%
- Increased by 50 basis points.
- Highest level since Q1 2017.
- Expected to finish 2020 at 11.5%.
Office
Average Vacancy Rate 20.0%
- Drifted downward by 20 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2020 at 22.2%.
Retail
Average Vacancy Rate 16.5%
- Highest in the nation.
- No change since Q1 2020.
- Expected to finish 2020 at 19.5%.
RENT
Apartment
Average Asking Rent $931
- Ninth fastest rent growth in the nation, and the second in the Midwest region, behind only Omaha.
- Has risen in every quarter since Q1 2010.
- Expected to finish 2020 at $908.
Distribution / Warehousing
Average Asking Rent $4.51
- Flat since Q1 2020.
- Expected to finish 2020 at $4.36.
Flex / R&D
Average Asking Rent $7.28
- Up 0.1% from Q1 2020.
- Expected to finish 2020 at $6.94.
Office
Average Asking Rent $19.92
- Down 0.2% from Q1 2020.
- Expected to finish 2020 at $19.34.
Retail
Average Asking Rent $15.90
- Down 0.4% from Q1 2020.
- Expected to finish 2020 at $14.51.
VACANCY
Apartment
Average Vacancy Rate 6.1%
- Rose by 50 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2020 at 7.8%.
Distribution / Warehousing
Average Vacancy Rate 14.3%
- Drifted upward by 30 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2019 at 14.4%.
Office
Average Vacancy Rate 19.7%
- Drifted downward by 30 basis points.
- Expected to finish 2020 at 21.6%.
Retail
Average Vacancy Rate 9.9%
- Drifted upward by 10 basis points.
- Expected to finish 2020 at 11.9%.
RENT
Apartment
Average Asking Rent $872
- Down 1.1% from Q1 2020.
- Expected to finish 2020 at $862.
Distribution / Warehousing
Average Asking Rent $4.27
- Up 0.2% from year-end 2018.
- Has risen for six consecutive quarters.
- Expected to finish 2019 at $4.36.
Office
Average Asking Rent $17.83
- Up 0.4% from Q1 2020.
- Expected to finish 2020 at $17.48.
Retail
Average Asking Rent $17.34
- Down 0.4% from Q1 2020.
- Expected to finish 2020 at $17.06.