Demand in Indianapolis' multifamily sector has reached a "decade high,"
according to a full-year and fourth-quarter 2024 report from Colliers. "This surge in demand aligns with Indiana’s growth, as the state jumped 19 spots to rank 8th in U-Haul’s growth index," Colliers wrote.
"More people are moving in, with U-Haul arrivals increasing by over 1% and departures declining by 2%."
In the fourth quarter, the vacancy rate dropped by 30 basis points from the previous three months to 2.60 percent.
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