• Indianapolis experienced 0.9 million sq. ft. of positive net absorption during Q4 2020, the 41st consecutive quarter with positive net absorption.

• The market vacancy rate increased 121 bps quarter-over-quarter to 5.8%.

• The average asking lease rate decreased $0.04 per sq. ft. quarter-over-quarter to $4.49 per sq. ft. NNN.

• Indianapolis posted 4.3 million sq. ft. of completed industrial construction projects.