Matrix Multifamily Indianapolis Report-April 2024 April 25, 2024

Indianapolis Starts Recovery

In February, Indianapolis’ T3 rents bounced back to a healthy trajectory, up 0.1 percent and 20 basis points ahead of the U.S. average. Yet completions, at 3,314 units, reached the highest point recorded since 2016, leading to a 120-basis-point drop in occupancy.