It’s Not Your Dad’s Apartment

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Upscale, multi-family housing has grown into a hot commodity in Central Indiana, and Custom Concrete’s commercial division has been busy meeting the needs of demand.Hamilton-541-1024x686

According to DTZ (formerly Cassidy Turley), the Indianapolis multi-family market registered 405 units of net absorption during the first quarter of 2015, an increase of 63% over the prior year’s first-quarter absorption tally of 246 units. That figures into more than five years of uninterrupted occupancy gains in Central Indiana.

Likewise, the vacancy rate holds steady at six percent, and the development pipeline in greater Indianapolis remains full with nearly 4,000 units currently under construction, 3,263 of which will be delivered in 2015. Read more