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Indianapolis Maintains MomentumIndianapolis had a promising start to the year. Transactions totaled $93 million, up 32.8% year-over-year, following a record 2022. Rent growth remained above the national average, up 0.1% on a T3 basis to 9.0% year-over-year. And with 6,165 units under construction and 240 units delivered in the first two months of the year, 2023 construction could top the city’s five-year average.
Indianapolis had a promising start to the year. Transactions totaled $93 million, up 32.8% year-over-year, following a record 2022. Rent growth remained above the national average, up 0.1% on a T3 basis to 9.0% year-over-year. And with 6,165 units under construction and 240 units delivered in the first two months of the year, 2023 construction could top the city’s five-year average.
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