March 2025
The Indianapolis market is experiencing unprecedented economic growth and rising national recognition, driven by a booming population and significant business expansions.
Indianapolis Multifamily Demand Hits Decade High
What This Means For You: Demand in Indianapolis’ multifamily sector has reached a “decade high.” In the fourth quarter, the vacancy rate dropped by 30 basis points from the previous three months to 2.60 percent.
Indianapolis named 2nd most competitive housing market in 2025
What This Means For You: Zillow reviewed multiple factors — including how quickly homes have been selling, and its own forecast for home value growth — in the 50 most populated cities nationwide. The second-hottest market, Zillow predicts, will be Indianapolis. The metro, like other Midwestern cities that landed toward the top of the list, tend to have “lower-than-average home prices and rent costs,” which have fueled the competition for buyers.
Indiana Named #8 Growth State
What This Means For You: U-Haul ranks growth states according to each state’s net gain (or loss) of one-way equipment from customer transactions in a calendar year. This marks the fifth time in six years the Hoosier State has been a top 15 U-Haul growth state.
Ingredion Invests $100 Million in Indianapolis Plant Expansion
What This Means For You: Ingredion Incorporated, a leading global provider of ingredient solutions for food, beverage and industrial applications, announced investments of more than $100 million to increase efficiency, modernize equipment and also install an energy cogeneration system at its Indianapolis facility. The project is expected to be completed in the second half of 2026.
Del Taco Announces New Market Entry with 10-Store Development Agreement for Indianapolis Area
What This Means For You: Del Taco, the nation’s second-largest Mexican quick service restaurant, today announced the signing of a 10-unit development agreement with a new franchise group in the Indianapolis DMA. Target markets include Bloomington, Bedford, Columbus, Greenwood, Plainfield, and Avon.
New downtown Indy hotels take shape heading into 2025
What This Means For You: The 38-story Signia Hotel is expected to welcome its first guests in the fall of 2026, while the Aloft and The Intercontinental Hotel plan to open early 2025.
Purdue University to Expand Downtown Presence with New $187 Million Project
What This Means For You: Purdue University has officially released renderings of the soon-to-be-built Academic Success Building, a $187 million facility that will bring classrooms, laboratories, dining, student housing and community-centered spaces to the heart of downtown Indianapolis. Construction is scheduled to begin in April 2025 and is slated for completion in May 2027. Plans for the 248,000-square-foot building include 15 stories of new construction, which will be neighbored by five other academic buildings.
$3 million project planned for Tarkington Park in Indianapolis
What This Means For You: The project will include a multi-use football and soccer field, a walking path, and new pickleball and tennis courts.
