Note: Our market forecast includes Indianapolis data and data from its surroundings, including Carmel and Anderson, Indiana.
Known to the locals simply as Indy, Indianapolis is the state capital of Indiana. It’s also the state’s most densely populated city. According to 2019 estimates from the U.S. Census Bureau, it is home to over 886,000 people, making it the 17th most populous city in the United States.
The city is perhaps best known for hosting the Indianapolis 500. However, in addition to NASCAR racing, Indianapolis is home to a number of Fortune 500 companies, including Simon Property Group (NYSE: SPG), two major-league sports teams, a handful of public and private universities, and the world’s largest children’s museum.
The state of the market
Many major cities have been hit hard by the pandemic, and Indianapolis is no exception. While the city will likely make a recovery, especially as the vaccine rollout continues, there’s…