{"id":25,"date":"2020-11-11T11:23:20","date_gmt":"2020-11-11T11:23:20","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=25"},"modified":"2023-03-10T08:15:53","modified_gmt":"2023-03-10T08:15:53","slug":"indianapolis-real-estate-market-trends-fall-2020","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-real-estate-market-trends-fall-2020\/","title":{"rendered":"Indianapolis Real Estate Market Trends &#8211; Fall 2020"},"content":{"rendered":"<h2>Underlying Fundamentals Pave the Way<\/h2>\n<p>As Indiana moved into the final stage of its overarching reopening plan, Indianapolis took a slightly different yet measured path to recovery, due to population density. Although the crisis has taken a toll on the economy, the <a href=\"https:\/\/www.yardimatrix.com\/blog\/tag\/indianapolis-housing-market\/\"><strong>metro\u2019s strong multifamily fundamentals<\/strong><\/a> have so far withstood the economic uncertainty. Rents in Indianapolis were up 0.4% to $966 on a trailing three-month basis as of September, below the $1,463 U.S. figure.<\/p>\n<p>In a move to encourage tourism- and convention-related business, the Indianapolis City-County Council approved up to $155 million in bonds to expand the Indiana Convention Center. According to Visit Indy, the expansion will bring Indianapolis\u2019 capacity to bid on North America\u2019s top conventions from 75% to 82%. Due to the pandemic, more than 330 conventions were canceled, amounting to more than $600 million in lost economic impact.<\/p>\n<p>As of September, 5,214 units were under construction in the metro, and developers added nearly 1,000 units to inventory year-to-date, as construction was deemed an essential service amid shelter-in-place orders. Some $373 million in multifamily assets traded in 2020 through September, marking a 13% decline compared to the same interval last year.<\/p>\n<p><a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/1133-MatrixMultifamilyIndianapolisReport-Fall2020?utm_source=Matrix-Blog&amp;utm_medium=Social\"><strong>Read the full Matrix Multifamily Indianapolis Report<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Underlying Fundamentals Pave the Way As Indiana moved into the final stage of its overarching reopening plan, Indianapolis took a slightly different yet measured path to recovery, due to population density. Although the crisis has taken a toll on the economy, the metro\u2019s strong multifamily fundamentals have so far withstood the economic uncertainty. Rents in [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[8,16],"class_list":["post-25","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"],"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 Real Estate Market Trends - Fall 2020 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"As Indiana moved into the final stage of its overarching reopening plan, Indianapolis took a slightly different yet measured path to recovery, due to population density.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/indianapolis-real-estate-market-trends-fall-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indianapolis Real Estate Market Trends - Fall 2020\" \/>\n<meta property=\"og:description\" content=\"As Indiana moved into the final stage of its overarching reopening plan, Indianapolis took a slightly different yet measured path to recovery, due to population density.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/indianapolis-real-estate-market-trends-fall-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-11T11:23:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-10T08:15:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Indianapolis-iStock-1277007700.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Timea-Erika Papp\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Indianapolis Real Estate Market Trends - Fall 2020 - Yardi Matrix Blog","description":"As Indiana moved into the final stage of its overarching reopening plan, Indianapolis took a slightly different yet measured path to recovery, due to population density.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-real-estate-market-trends-fall-2020\/","og_locale":"en_US","og_type":"article","og_title":"Indianapolis Real Estate Market Trends - Fall 2020","og_description":"As Indiana moved into the final stage of its overarching reopening plan, Indianapolis took a slightly different yet measured path to recovery, due to population density.","og_url":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-real-estate-market-trends-fall-2020\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2020-11-11T11:23:20+00:00","article_modified_time":"2023-03-10T08:15:53+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Indianapolis-iStock-1277007700.jpg","type":"image\/jpeg"}],"author":"lilianam","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Timea-Erika Papp","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-real-estate-market-trends-fall-2020\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-real-estate-market-trends-fall-2020\/"},"author":{"name":"lilianam","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0"},"headline":"Indianapolis Real Estate Market Trends &#8211; 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