The Indianapolis market saw record demand in 2021, with 16.3 msf of direct net absorption recorded during the year. This was the highest net absorption total ever for the market, exceeding the previous record from 2019 by over 4.2 msf.
Despite the spread of the delta variant in the third quarter of 2021, there was still a strong demand for retail real estate, with positive overall net absorption of 11,000 square feet seen in the Indianapolis retail market.
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