• Indianapolis experienced 2.2 million sq. ft. of positive net absorption during Q3 2020, the 40th consecutive quarter with positive net absorption.

• The market vacancy rate increased 70 bps quarter-over-quarter to 4.7%.

• The average asking lease rate decreased $0.27 per sq. ft. quarter-over-quarter to $4.50 per sq. ft. NNN.

• Indianapolis posted 4.0 million sq. ft. of completed industrial construction projects.