{"id":10277,"date":"2025-10-30T07:52:00","date_gmt":"2025-10-30T07:52:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=10277"},"modified":"2026-05-06T07:59:55","modified_gmt":"2026-05-06T07:59:55","slug":"indianapolis-multifamily-market-report-october-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-multifamily-market-report-october-2025\/","title":{"rendered":"Indianapolis Multifamily Market Report \u2013 October 2025"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/indianapolis-multifamily-market-report\/\">Indianapolis Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n<hr \/>\n<h2>Rents, Development Soften, But Stay Healthy<\/h2>\n<p>Indianapolis\u2019 multifamily market softened at the end of the summer, as economic uncertainty impacted activity across several metrics, according to the latest Yardi Matrix Indianapolis multifamily market report. But overall, the Midwest continued to outperform the nation, and while Indianapolis was in the bottom half of that list, it maintained relatively healthy fundamentals. Average advertised asking rents ticked up 0.1% to $1,307, on a trailing three-month basis through August, on par with the national average. Occupancy ticked down 20 basis points year-over-year through July, to 94.0%, below the 94.7% U.S. average, as per the latest <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>national multifamily market report<\/strong><\/a>.<\/p>\n<p><iframe id=\"datawrapper-chart-OAMMt\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Indianapolis vs. National Rent Growth\" src=\"https:\/\/datawrapper.dwcdn.net\/OAMMt\/1\/\" height=\"334\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}});<\/script><\/p>\n<p>Employment growth in the metro continued its 10-month slowdown, to 0.4% year-over-year through June. The figure was half the national average. Over the 12-month period ending in June, Indianapolis added 3,600 net jobs, with government (2,900 positions) and trade, transportation and utilities (2,400) leading gains. Unemployment was 3.6% in August, below the 4.3% U.S. figure, according to preliminary data from the Bureau of Labor Statistics. Indiana University\u2019s new hospital topped out earlier this year. The 2.5 million-square-foot development is expected to come online in 2027, with costs reaching $4.3 billion this year.<\/p>\n<p><iframe id=\"datawrapper-chart-C5yrz\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Indianapolis Employment Share by Sector\" src=\"https:\/\/datawrapper.dwcdn.net\/C5yrz\/1\/\" height=\"417\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}});<\/script><\/p>\n<p>Construction activity also slowed down but remained healthy following 2024\u2019s record-breaking completions. Developers had 5,740 units underway as of August and delivered 4,096 units since the start of the year.<\/p>\n<p>Read the full Yardi Matrix Indianapolis Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/7938-MatrixMultifamilyIndianapolisReport-October2025\"><strong>October 2025<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Rents, Development Soften, But Stay Healthy Indianapolis\u2019 multifamily market softened at the end of the summer, as economic uncertainty impacted activity across several metrics, according to the latest Yardi Matrix Indianapolis multifamily market report. But overall, the Midwest continued to outperform the nation, and while Indianapolis was in the bottom half of that list, it [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":9602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[8,513],"class_list":["post-10277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-indianapolis","tag-multifamily-outlook-2025"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Indianapolis Multifamily Market Report \u2013 October 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Indianapolis\u2019 rents ticked up 0.1 percent on a T3 basis through August to an average of $1,307. 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