{"id":1004779574,"date":"2026-06-16T00:24:16","date_gmt":"2026-06-16T08:24:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004779574"},"modified":"2026-06-16T06:20:37","modified_gmt":"2026-06-16T14:20:37","slug":"indianapolis-industrial-market-update","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/indianapolis-industrial-market-update\/","title":{"rendered":"Indianapolis\u2019 Industrial Pipeline Builds as Sales Pick Up"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Whitestown_Distribution_Center_III.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"5238\" height=\"3923\" data-attachment-id=\"1004795984\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/default-111\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Whitestown_Distribution_Center_III.jpg\" data-orig-size=\"5238,3923\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;7.1&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;L2D-20c&quot;,&quot;caption&quot;:&quot;default&quot;,&quot;created_timestamp&quot;:&quot;1746787229&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;12.29&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.0025&quot;,&quot;title&quot;:&quot;default&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Whitestown_Distribution_Center_III\" data-image-description=\"&lt;p&gt;Image emailed to Matt from DLPR on 4\/21&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The 600,000-square-foot facility is used by Daimler Truck North America to distribute truck parts. Image courtesy of JLL Income Property Trust&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Whitestown_Distribution_Center_III.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Whitestown_Distribution_Center_III.jpg\" alt=\"A photo of Whitestown Distribution Center III.\" class=\"wp-image-1004795984\" style=\"width:350px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Whitestown_Distribution_Center_III.jpg 5238w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Whitestown_Distribution_Center_III.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Whitestown_Distribution_Center_III.jpg?resize=768,575 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Whitestown_Distribution_Center_III.jpg?resize=1024,767 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Whitestown_Distribution_Center_III.jpg?resize=1536,1150 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Whitestown_Distribution_Center_III.jpg?resize=2048,1534 2048w\" sizes=\"auto, (max-width: 5238px) 100vw, 5238px\" \/><\/a><figcaption class=\"wp-element-caption\">The 600,000-square-foot facility is used by Daimler Truck North America to distribute truck parts. <em>Image courtesy of JLL Income Property Trust<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Indianapolis\u2019 industrial market showed stronger development momentum through April, with the construction pipeline running ahead of last year\u2019s level, according to Yardi Matrix. <a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-industrial-deliveries\/\">Industrial deliveries<\/a> also improved year-over-year, supported by a steadier flow of new projects coming online.<\/p>\n\n\n\n<p>On the investment side, sales activity remained active across a range of deal sizes, while market fundamentals stayed comparatively tight, with vacancy below the U.S. average and rents continuing to advance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-pipeline-expands-from-last-year-s-level\">Pipeline expands from last year\u2019s level<\/h2>\n\n\n\n<p>As of the end of April, Indianapolis had 6.2 million square feet of industrial space under construction across 19 properties, accounting for 1.6 percent of total stock, according to Yardi Matrix data. The pipeline was much higher than during the same period last year, when four facilities totaling nearly 1.8 million square feet were under construction.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/Videocapture-Meta-Indiana-e1770977863465.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1410\" height=\"1057\" data-attachment-id=\"1004787747\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/meta-breaks-ground-on-10b-indiana-data-center\/videocapture-meta-indiana\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/Videocapture-Meta-Indiana-e1770977863465.jpg\" data-orig-size=\"1410,1057\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Videocapture_Meta_data_center_project_Indiana\" data-image-description=\"&lt;p&gt;Videocapture made by Simona from the video provided by Meta on their press release&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The data center development will rise in Lebanon, Ind., within the Indianapolis metro area. Videocapture by Simona Tudose, courtesy of Meta&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/Videocapture-Meta-Indiana-e1770977863465.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/Videocapture-Meta-Indiana-e1770977863465.jpg\" alt=\"A rendering of Meta's data center campus in Lebanon Ind.\" class=\"wp-image-1004787747\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/Videocapture-Meta-Indiana-e1770977863465.jpg 1410w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/Videocapture-Meta-Indiana-e1770977863465.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/Videocapture-Meta-Indiana-e1770977863465.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/Videocapture-Meta-Indiana-e1770977863465.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1410px) 100vw, 1410px\" \/><\/a><figcaption class=\"wp-element-caption\">The data center development will rise in Lebanon, Ind., within the Indianapolis metro area. <em>Videocapture by Simona Tudose, courtesy of Meta<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Across major industrial hubs, Dallas and Phoenix continued to post the largest construction pipelines, while Kansas City remained at the lower end of the range. <\/p>\n\n\n\n<p>Year-to-date, developers broke ground on four properties totaling 1.8 million square feet of <a href=\"https:\/\/www.commercialsearch.com\/industrial\/us\/in\/indianapolis\/\" target=\"_blank\" rel=\"noreferrer noopener\">Indianapolis industrial space<\/a>, accounting for 0.5 percent of total stock.<\/p>\n\n\n\n<p>Meta is currently developing its <a href=\"https:\/\/www.commercialsearch.com\/news\/meta-breaks-ground-on-10b-indiana-data-center\/\">1-gigawatt data center<\/a> campus in Lebanon, Ind. The project represents more than $10 billion in data center and community infrastructure and will be designed to handle both <a href=\"https:\/\/www.commercialsearch.com\/news\/how-ai-powered-tech-is-reshaping-industrial-real-estate\/\">AI workloads<\/a> and Meta\u2019s core products.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-deliveries-improve-from-last-year-s-pace\">Deliveries improve from last year\u2019s pace<\/h2>\n\n\n\n<p>Indianapolis delivered more than 2 million square feet of industrial space as of the end of April. Seven projects came online in the metro, accounting for 0.5 percent of total stock, slightly higher than the 0.4 percent national average, according to Yardi Matrix data. Industrial completions improved from the same time period last year, when only 752,500 square feet of industrial space was completed.<\/p>\n\n\n\n<p>The Inland Empire (1.8 million square feet), New Jersey (1.6 million square feet) and Kansas City (507,792 square feet) had less industrial space delivered than Indianapolis during the period, while Dallas (10.7 million square feet) and Chicago (6 million square feet) posted higher totals.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-sales-activity-remains-elevated-through-april\">Sales activity remains elevated through April<\/h2>\n\n\n\n<p>Indianapolis\u2019 industrial sales volume reached $275 million as of the end of April, according to Yardi Matrix data. A total of 18 properties adding up to 3.2 million square feet exchanged hands in the metro.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/70ConnectII_CreditColliers-edited.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"675\" height=\"506\" data-attachment-id=\"1004794313\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/70connectii_creditcolliers-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/70ConnectII_CreditColliers-edited.jpg\" data-orig-size=\"675,506\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"70ConnectII_CreditColliers\" data-image-description=\"&lt;p&gt;Image downloaded via Colliers web press release. https:\/\/www.colliers.com\/en\/news\/indianapolis\/sale-of-70-connect-ii&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Located at 7383 W. 350 N., the property sits just off Interstate 70 and Interstate 465. Image courtesy of Colliers&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/70ConnectII_CreditColliers-edited.jpg?w=675\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/70ConnectII_CreditColliers-edited.jpg\" alt=\"Exterior shot of 70 Connect II, a 554,228-square-foot, Class A, industrial facility in Greenfield, Ind.\" class=\"wp-image-1004794313\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/70ConnectII_CreditColliers-edited.jpg 675w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/70ConnectII_CreditColliers-edited.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 675px) 100vw, 675px\" \/><\/a><figcaption class=\"wp-element-caption\">Located at 7383 W. 350 N., the property sits just off Interstate 70 and Interstate 465.<em> Image courtesy of Colliers<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Industrial assets traded at an average of $93 per square foot. New Jersey ($181 per square foot), the Inland Empire ($170 per square foot) and Phoenix ($162 per square foot) posted higher pricing, while Kansas City ($92 per square foot) and Chicago ($87 per square foot) were lower.<\/p>\n\n\n\n<p>In one of the largest recent transactions in the metro, JLL Income Property Trust acquired <a href=\"https:\/\/www.commercialsearch.com\/news\/jll-income-property-trust-buys-indianapolis-distribution-center\/\">Whitestown Distribution Center III<\/a>, a 605,000-square-foot industrial facility in Whitestown, Ind. The asset sold for about $60 million, or approximately $99 per square foot. Opened in 2023, Whitestown Distribution Center III is fully leased to Daimler Truck North America.<\/p>\n\n\n\n<p>Lauth Group Inc. sold <a href=\"https:\/\/www.commercialsearch.com\/news\/hillwood-buys-550-ksf-indianapolis-warehouse\/\">70 Connect II<\/a>, a 554,228-square-foot Class A industrial facility in Greenfield, Ind. Hillwood picked up the property for $41.7 million, or $75 per square foot, according to Yardi Matrix information.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-vacancy-remains-below-the-national-rate-as-rents-rise\">Vacancy remains below the national rate as rents rise<\/h2>\n\n\n\n<p>Indianapolis\u2019 industrial vacancy measured 7.5 percent in April, below the 9.1 percent national average, according to Yardi Matrix. New Jersey&#8217;s rate reached 8.8 percent, the Inland Empire stood at 8.9 percent and Phoenix came in at 9.0 percent, while Kansas City remained tighter at 5.1 percent.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Pittsboro-Commerce-Center.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" data-attachment-id=\"1004794913\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/opuss-new-industrial-park-gets-1st-occupant\/pittsboro-commerce-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Pittsboro-Commerce-Center.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Pittsboro Commerce Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Rendering of a potential Opus-built building within the development. Courtesy of Opus&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Pittsboro-Commerce-Center.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Pittsboro-Commerce-Center.jpg\" alt=\"Rendering of industrial property\" class=\"wp-image-1004794913\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Pittsboro-Commerce-Center.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Pittsboro-Commerce-Center.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Pittsboro-Commerce-Center.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption class=\"wp-element-caption\">Rendering of a potential Opus-built building within the development. <em>Image courtesy of Opus<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>In-place rents in Indianapolis averaged $5.46 per square foot, up 4.8 percent over the past 12 months, while space leased during the past 12 months averaged $6.13 per square foot.<\/p>\n\n\n\n<p>Manufacturer Faith Technologies Inc. will be the first company to move into <a href=\"https:\/\/www.commercialsearch.com\/news\/opuss-new-industrial-park-gets-1st-occupant\/\">Pittsboro Commerce Center<\/a>, Opus\u2019 new 170-acre industrial park just west of Indianapolis. FTI is expanding to the park by starting construction on a 500,000-square-foot manufacturing facility on a 47-acre site it recently purchased from Opus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Construction activity increased from last year\u2019s pace, while vacancy remained below the national rate.<\/p>\n","protected":false},"author":3014,"featured_media":1004795984,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,22251,1590,21748,21783,52420,13],"tags":[51047],"class_list":["post-1004779574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-in-focus","category-indianapolis","category-industrial","category-investment","category-market-updates","category-midwest","tag-marketupdate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Indianapolis\u2019 Industrial Pipeline Builds as Sales Pick Up - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"A closer look at the Indianapolis industrial market&#039;s recent performance, done using data provided by Yardi Matrix.\" \/>\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.commercialsearch.com\/news\/indianapolis-industrial-market-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indianapolis\u2019 Industrial Pipeline Builds as Sales Pick Up\" \/>\n<meta property=\"og:description\" content=\"A closer look at the Indianapolis industrial market&#039;s recent performance, done using data provided by Yardi Matrix.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/indianapolis-industrial-market-update\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-16T08:24:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-16T14:20:37+00:00\" \/>\n<meta name=\"author\" content=\"Diana Firtea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Whitestown_Distribution_Center_III.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/indianapolis-industrial-market-update\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/indianapolis-industrial-market-update\\\/\"},\"author\":{\"name\":\"Diana Firtea\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/a0c04b9de1387474e28c9ebdb0444e59\"},\"headline\":\"Indianapolis\u2019 Industrial Pipeline Builds as Sales Pick Up\",\"datePublished\":\"2026-06-16T08:24:16+00:00\",\"dateModified\":\"2026-06-16T14:20:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/indianapolis-industrial-market-update\\\/\"},\"wordCount\":683,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/indianapolis-industrial-market-update\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/04\\\/Whitestown_Distribution_Center_III.jpg\",\"keywords\":[\"#MarketUpdate\"],\"articleSection\":[\"Development\",\"In Focus\",\"Indianapolis\",\"Industrial\",\"Investment\",\"Market Updates\",\"Midwest\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/indianapolis-industrial-market-update\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/indianapolis-industrial-market-update\\\/\",\"name\":\"Indianapolis\u2019 Industrial Pipeline Builds as Sales Pick Up - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/indianapolis-industrial-market-update\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/indianapolis-industrial-market-update\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/04\\\/Whitestown_Distribution_Center_III.jpg\",\"datePublished\":\"2026-06-16T08:24:16+00:00\",\"dateModified\":\"2026-06-16T14:20:37+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/a0c04b9de1387474e28c9ebdb0444e59\"},\"description\":\"A closer look at the Indianapolis industrial market's recent performance, done using data provided by Yardi Matrix.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/indianapolis-industrial-market-update\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/indianapolis-industrial-market-update\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/indianapolis-industrial-market-update\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/04\\\/Whitestown_Distribution_Center_III.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/04\\\/Whitestown_Distribution_Center_III.jpg\",\"width\":5238,\"height\":3923,\"caption\":\"The 600,000-square-foot facility is used by Daimler Truck North America to distribute truck parts. 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She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. 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