Indianapolis industrial market report
Q2 2023
New inventory delivered since 2019 as percent of total
Makes Indianapolis the 6th largest growing inventory on a percentage basis nationally.
Percentage of all deliveries for buildings 500.0 ksf+ since 2020
Development pipeline focused disproportionally on the large-box space.
Under construction
Amount of currently under construction +500.0 ksf projects still yet to deliver in the market.
Industrial vacancy rate (bldgs. 500.0 ksf+)
Amount of currently under construction +500.0 ksf projects still yet to deliver in the market.
Industrial vacancy rate (bldgs. 20.0-99.9 ksf)
The smallest building size remains the tightest in the market.
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