• Total net absorption for the Indianapolis market in Q1 2020 was negative 149,042 sq. ft.

• Asking rates in the Indianapolis metro area increased $0.07 to $21.00. Class A asking rates increased by $0.21 and Class B asking rates decreased by $0.10.

• The market vacancy rate increased quarter-over-quarter to 18.8%. Class A vacancy rates increased to 21.6% and Class B decreased to 14.5%

• Two new office projects began construction during Q1 2020. Two projects that were under construction in Q4 2019 completed construction in Q1 2020.