Indy Metro Industrial Market Report Q1 2024

Indy Metro Industrial Market Report Q1 2024

Dive into our Q1 2024 Industrial Real Estate Market Report for Indianapolis as we analyze the latest trends and data impacting the sector. This comprehensive video covers key aspects including transaction slowdowns due to rising interest rates, notable sales activities, and the challenges of oversupply in the big box segment. We also highlight major developments such as the sales of AllPoints Midwest Building 17 and the 6040 Commerce Drive facility. Whether you’re an investor, developer, or real estate professional, gain valuable insights to navigate the industrial real estate landscape effectively.

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Key Takeaways
  • Industrial real estate transactions have slowed, with $776 million in assets traded amid challenging interest rates and a widening bid-ask spread.
  • New constructions are outpacing demand, raising the vacancy rate to 8.8% despite a reduction in tenant demand.
  • Annual net absorption has significantly decreased to 2 million square feet, well below the decade average, due to difficulty in leasing new large spaces.