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Hancock County leads Indianapolis industrial boom

Inventory more than doubles, while elevated vacancy highlights challenges of rapid growth
This 1 million-square-foot industrial building at 5670 Aurora Way in McCordsville, Indiana, was built in 2023. (CoStar)
This 1 million-square-foot industrial building at 5670 Aurora Way in McCordsville, Indiana, was built in 2023. (CoStar)
CoStar Analytics
July 10, 2026 | 3:29 P.M.

A surge of warehouse construction has more than doubled Hancock County's industrial inventory over the past five years, reshaping development patterns and market conditions across the Indianapolis area.

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