• Total net absorption for the Indianapolis market in Q1 2019 was negative 299,938 sq. ft., focused on Downtown Indianapolis.
  • 412,638 sq. ft. of leases were signed in Q1 2019, with nearly 60% of activity coming from new leases.
  • The market vacancy rate increased quarter-over-quarter to 16.8%, with Class A vacancy rates increasing by 11 bps to 16.5% and Class B vacancy rates declining by 42 bps to 14.7%
  • Two new buildings were added to the construction pipeline: the Ellipse in Fishers and the Agora at the Proscenium in Carmel.