CBRE Releases Multifamily Housing Report
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowA new report suggests rent and sales volume for multi-family housing are on the rise in the state's largest market. The Indianapolis Market Pulse from CBRE Group Inc. (NYSE:CBG) also says occupancy in the 50 properties it analyzes was above 92 percent for the 19th straight quarter. June 1, 2015
News Release
INDIANAPOLIS, Ind. – The Indianapolis multifamily market continues to thrive as the economy expands and employment grows, according to The Indianapolis Market Pulse, a recent publication by CBRE’s Central Midwest Multifamily group.
The report, a quarterly survey and analysis of the “Top 50” apartment properties in the Indianapolis MSA, highlights occupancy, rental rate, construction and transaction trends in the Indianapolis multifamily market for Q4 2014. Highlights from the report include:
-The Q4 2014 occupancy for the Top-50 communities was 92.3 percent, marking the 19th consecutive quarter that occupancy was at or above 92 percent.
-Year-over-year, average rents increased by 4.6 percent.
-Sales volume increased by 28 percent year-over-year with more than $415 million trading in over 30 transactions in the metro area. In comparison, Indianapolis experienced a peak
volume of $550 million in 2006 and a low volume of $157 million in 2010.
The Central Midwest Multifamily team includes eight professionals based in the company's
Indianapolis, Indiana and Cincinnati, Ohio offices. With more than 75 years of combined
multifamily brokerage experience, they focus solely to the disposition of multifamily assets in the Central Midwest.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los
Angeles, is the world’s largest commercial real estate services and investment firm (in terms
of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and
serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage
banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.