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Indianapolis MarketBeat Reports

Matthew Niehoff • 10/12/2020
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

 

Learn more about our local markets and property types by clicking our most recent Indianapolis MarketBeat reports below.

 

Upon the arrival of COVID-19 in the U.S., the economy entered a recession in March 2020, recording the worst decline in post-war history in Q2 2020. Mounting evidence indicates that the recovery began in May or June with Q3 2020 data likely reflecting that. But, until there is a public health resolution to the pandemic, the recovery is likely to remain uncertain and gradual. Only then can households and businesses become more confident.

Current Marketbeats

Office MarketBeat Report
Q3 2020 Indianapolis Office Report

Despite the easing of many health and safety restrictions, Indianapolis overall market office vacancy rose to 18.5% or a 62-basis point increase quarter-over-quarter (QOQ) and 130- basis point increase year-over-year (YOY). Leasing velocity has been cut by almost half YOY with 336,000 square feet (sf) leased in the third quarter 2020, down from 668,000 sf.

Indianapolis Office MarketBeat Q32020

Industrial MarketBeat Report
Q3 2020 Indianapolis Industrial Report

As the brightest spot amongst all property types throughout the pandemic, the Indianapolis industrial market through three quarters is keeping pace with pre-pandemic demand activity. The rising tide of e-commerce related retail consumption has lifted all industrial demand even further throughout the third quarter with leasing velocities tracking at 13.6 million square feet (msf), nearly 2.3 msf ahead of the first three quarters in 2019.

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Retail MarketBeat Report
Q3 2020 Indianapolis Retail Report

In Indianapolis, retailers such as grocery stores, which has consistently reported year-over-year sales increases throughout the pandemic, and home improvement stores, which have rode a bump in home-related spending, have helped occupancy rates at community, neighborhood, and power centers overall.

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Featured Insights: Current U.S. MarketBeats

Q3 U.S. Office MarketBeat Report Card Image
MarketBeat • Office

Office Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Kenneth McCarthy • 10/14/2020
Q3 U.S. MarketBeat Industrial Report Web Card Image
MarketBeat • Industrial

Industrial Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Jason Tolliver • 10/8/2020
Q3 U.S. Retail MarketBeat Report Card Image
MarketBeat • Retail

Shopping Center Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Garrick Brown • 10/14/2020

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