INDIANAPOLIS—Due to its central location and dense network of interstates, Indianapolis has become one of the nation's top logistics and distribution hubs. The region's rising economy has also lifted up its multifamily and retail sectors, according to a new report from DTZ.
The multifamily market registered 405 units of net absorption during the first quarter of 2015, the firm found. This was a 63% increase over the first-quarter absorption last year and continues “a streak of more than five years of uninterrupted occupancy gains in Central Indiana.”
“Despite new deliveries in the Indianapolis multifamily market, we forecast that strong underlying demand metrics and favorable demographics will be sufficient to hold vacancy rates steady and support the continuation of rent growth,” says Jason Tolliver, regional vice president of research in DTZ's Indianapolis office.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
