• Indianapolis experienced 564,939 sq. ft. of positive net absorption during Q1 2020, the 38th consecutive quarter with positive net absorption.

• The market vacancy rate decreased 5 bps quarter-over-quarter to 3.8%.

• The average asking lease rate increased $0.06 per sq. ft. quarter-over-quarter to $4.46 per sq. ft. NNN.

• Indianapolis posted 945,765 sq. ft. of industrial completed construction projects.