Matrix Multifamily Indianapolis Report-April 2025 May 01, 2025

Indianapolis Deliveries Surge

Indy ended 2024 with solid supply growth, as developers brought 5,958 units online, breaking the previous record. Advertised asking rents started regaining momentum, up 0.2 percent on a T3 basis through February, to $1,295, while the YoY figure stood at 3.2 percent.