Indianapolis (Downtown Rental Inventory Supply Growing Strongly)

[Matthew Schroeder]

An interesting article on Indianapolis real estate, specifically downtown (see link below).  Interesting data points include.

• Downtown occupancy is 94.7 percent. Most apartment complexes are close to full occupancy.
• Downtown rental inventory expected to grow by more than 10 percent in each of the next two years.
• Downtown rent prices last year grew by 8.2 percent to a record $1.34 per square foot. A typical one-bedroom apartment costs $963 and a two-bedroom, two-bathroom costs $1,480.

Indianapolis Might Have Hit Peak Rent Growth (Indy Star)