• Total net absorption for the Indianapolis market in Q4 2019 was positive 1,863 sq. ft.
  • Asking rates in the Indianapolis metro area increased $0.24 to $20.93. Class A asking rates increased by $0.13 and Class B asking rates increased by $0.50.
  • The market vacancy rate decreased quarter-over-quarter to 17.3%. Class A vacancy rates decreased 16 bps to 18.7% and Class B increased 42 bps to 14.9%
  • No new office projects began construction during Q4 2019. All projects that were under construction in Q3 2019 remain under construction in Q4 2019.