Markets · Fort Wayne, IN MSA
Fort Wayne Industrial Market Report
Bluebird CRE Research · As of 2026 Q1 · Data: CoStar Group, www.costar.com
A growing northeast-Indiana market on the I-69 corridor with manufacturing and distribution demand.
Asking Rent / SF
2016–2026Now $6.18 · +2.2% YoY
Vacancy Rate
2016–2026Now 3.2%
Net Absorption (12 mo)
2016–2026Now 2.1M SF
Annual figures through 2026 Q1. Source: CoStar Group, www.costar.com.
Market overview
As of 2026 Q1, Fort Wayne industrial vacancy stands at 3.2% with asking rents near $6.18/SF. The market absorbed 2.1M SF over the trailing year, and investment sale pricing implies roughly a 12.1% cap rate. Those are the figures that frame how we underwrite here.
Bluebird's read
A growing northeast-Indiana market on the I-69 corridor with manufacturing and distribution demand. Bluebird targets functional small-bay and IOS product here at a basis below replacement cost, with leasing and mark-to-market as the value-add levers.
Economy
- Population
- 467,666
- Total employment
- 237,615
- Industrial employment
- 51,021
- Median HH income
- $73,540
Key submarkets
- • I-69 Corridor
- • Airport
- • Northwest
- • New Haven
Representative tenants
- • Amazon
- • General Motors
- • BAE Systems
- • Sweetwater
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Market data sourced from CoStar Group, www.costar.com (as of 2026 Q1); figures are point-in-time estimates and forecasts are not guarantees. Provided for informational purposes only and not an offer to sell securities. Past performance does not guarantee future results.
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