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15 Apr, 2026
Analysis | Latest
Market Deep Dive: The Indianapolis “Supply Reset”
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Written by James McLean

James McLean is the Head of Business Development at Radius+. James helps maintain external relationships with clients and assisting internally with the sales process. He also, manages internal data processes working alongside the operations team to ensure we are supporting high level data quality.

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This week the Radius+ team dove into the Indianapolis-Carmel-Greenwood, IN CBSA

Indianapolis experienced significant supply growth in 2024 as several new facilities were delivered to the market. As these assets lease up, rental rates have begun to show signs of improvement. There has been no new supply added in 2025, which has further supported rate stabilization. The region continues to benefit from strong job creation, housing development, and population growth, all of which contribute to rising storage demand. With no new deliveries expected in the near term, rental rates should continue climbing alongside strengthening occupancy.