Figures
Indianapolis Industrial Figures Q1 2025
Indianapolis Continues To Face Headwinds Despite Positive Quarter Of Absorption
April 8, 2025 4 Minute Read
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‒This quarter brought a total of 336,759 SF in positive net absorption, a 39.08% increase from 242,141 SF posted in Q4 2024.
‒Overall vacancy remained steady at 11.2% in Q1 2025. The East submarket showcases the highest vacancy at 23.7% while CBD has the lowest vacancy ringing in at 3.1%.
‒Average asking rates decreased by $0.01 PSF to $5.99 PSF/annum in the first quarter.
‒Overall leasing activity increased this quarter to 4.3 MSF, an increase of 19.44% from the fourth quarter of 2024.
‒Industrial Investment sales volume totaled $202 Million in Q1, a slight downtick from $272 Million in the fourth quarter of 2024 per Real Capital Analytics.
‒CBRE has updated the criteria for industrial tracked building sets to reflect buildings with a Net Rentable Area (NRA) of 30,000 square feet or higher. In addition to creating regional consistency, this change will enhance the reporting and depth of data on each market's most competitive buildings. Historical stats have been revised to reflect current industrial thresholds. Building inventories will be evaluated quarterly to ensure they remain the most comprehensive and accurate representation of each market.