•  Total net absorption for the Indianapolis market in Q3 2020 was negative 219,603 sq. ft.

•  Asking rates in the Indianapolis metro area increased $0.13 to $21.18. Class A asking rates increased by $0.12 and Class B asking rates increased by $0.05.

•  The market vacancy rate increased quarter-over-quarter to 19.5%. Class A vacancy rates increased to 22.1% and Class B increased to 15.7%

•  One new office projects began construction during Q3 2020, totaling 89,709 sq. ft. Two projects that were under construction in Q2 2020 completed construction in Q3 2020, totaling 141,470 sq. ft.