Indianapolis’ Largest Rental Developments Completed in 2015
ByNo less than 19 large apartment communities reached completion last year, adding north of 3,500 units to the Indianapolis rental inventory, and overshadowing the metro’s 2014 performance when just over 2,100 units were delivered in 14 properties.
By Balazs Szekely, Contributing Editor
Indianapolis, Ind.—No less than 19 large apartment communities reached completion last year, adding north of 3,500 units to the Indianapolis rental inventory, and overshadowing the metro’s 2014 performance when just over 2,100 units were delivered in 14 properties.
Despite an explosion in new multifamily developments in Indianapolis, demand—particularly for downtown Indianapolis apartments—continues to outpace supply while rents per square foot of living space continue to increase. An influx of people from other states and cities is driving demand with more than 60 percent of rental apartment tenants having moved to Indianapolis from elsewhere, according to IndyStar…
Indianapolis’ Largest Rental Developments Completed in 2015
