Far Boone County

Indianapolis - IN USA - Industrial Submarket

Industrial real estate intelligence for the Far Boone County submarket. 43.9M SF of inventory with 3.3% vacancy. Data sourced from various MLS platforms.

43.9MSF

Inventory

2.1MSF

Available

3.3%

Vacancy

4.6%

Availability Rate

$6.32

Asking Rent

-1.5%

Rent Growth

2.8MSF

12mo Absorption

2.0MSF

Under Construction

Market Metrics

12mo Delivered

729K SF

Under Constr % of Inv

4.6%%

Sale Price/SF

$90

Cap Rate

7.9%%

12mo Sales Volume

$274,434,728

Sales Vol Growth

79.7%

Asset Value

$4,114,458,056

Net Absorption

+2.8M SF

Recent DC Sales in Market

Property	Price	SF	Buyer
Shadeland Station	$12.8M	32,120	Buyer 1 Altum Digital Infrastructure \| Buyer 2 Igneo Infrastructure Partners
Skybox Austin	-	141,000	Buyer 1 GI Partners \| Buyer 2 Skybox Datacenters
4624 28th Ave S	-	16,000	Brookstone Property
Thin-nology	-	8,060	Sam Sinno
SAT5	-	175,000	Buyer 1 Global Infrastructure Partners \| Buyer 2 Kohlberg Kravis Roberts & Co. L.P.

Available DC Space in Market

Property	Avail SF	Rent	Owner
115 Bi-County Blvd	5,050	$16.50	Aresco Management
McHenry Corporate Center IV	42,811	$6.00 - 12.50	Gold Drop
Southgate Commerce Center	137,609	$5.92 - 7.24 (Est.)	Treetop Development
Franklin Road Commerce Center	36,115	$3.50 - 13.50	Legacy Capital Partners
AllPoints Anson Bldg 8B	461,700	Not Disclosed	Browning Real Estate Partners

Data Centre Development Potential

Moderate vacancy (3.3%) in Far Boone County suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 2.0M SF indicates developer confidence in the submarket. Positive net absorption of 2.8M SF over the past 12 months signals healthy demand fundamentals.