Figures

Indianapolis Industrial Figures Q2 2026

July 8, 2026 5 Minute Read

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  • Vacancy rate fell to lows not seen since 2022.
  • Fewer spaces in existing buildings limited tenant choices and drove up base rents.
  • Q2’s 3.1M sq. ft. absorption, although lower than the previous three quarters, has totaled an impressive 19M sq. ft. of occupancy in 12 months.
  • Strong demand for space has allowed owners to demand higher prices for their space. The direct lease rate rose $0.10 from $6.33 to $6.43 (1.6%) during the quarter.
  • Developers addressed the low vacant space issue with 12 speculative buildings under construction around the metro area and more planned to start in Q3 2026.