Indianapolis Multifamily Report – Fall 2019
Spurred by robust population growth and household creation, Indianapolis’ rental demand is keeping up with supply. Rents rose 4.1 percent year-over-year as of October, outpacing the 3.2 percent national rate, while occupancy in stabilized assets was almost flat over 12 months, at 94.4 percent as of September.
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Government led job growth, with the addition of 6,300 positions. Education and health services gained 4,100 jobs, f...