Market insight

Market Overview

  • Fort Wayne is located in the northeast corner of Indiana.
  • The population of Fort Wayne is 269,994 based on the 2023 Estimated U.S. Census Data.
  • The population of Allen County is 399,295 based on the 2024 Estimated U.S. Census Data.
  • The population of the Fort Wayne area CSA is 580,836 based on the 2024 Estimated STATS Indiana Data.
  • The Fort Wayne CSA ranks 79 out of 172 total CSA’s in the US based on 2020 Estimated U.S. Census Data.

Market Inventory Totals

  • Total Allen County retail inventory = 14,677,281 SF
  • Total Allen County office inventory = 14,522,797 SF
  • Total NE IN (or 10 county) industrial inventory  = 121,246,890 SF

Distances of major cities from Fort Wayne:

  • Indianapolis 116 miles
  • Detroit 160 miles
  • Chicago 158 miles
  • Cincinnati 154 miles
  • Columbus 156 miles

Total Population by County - Northeast Indiana

County 2024 Post Pandemic 1-Year Change 1-Year Change Natural Change International Domestic
Adams 36,584 2.05% 0.82% 115 330 57 -268
Allen 399,295 3.42% 1.20% 4,164 1,738 1,811 601
DeKalb 44,330 2.40% 0.30% 153 85 28 38
Huntington 36,944 0.81% 0.44% 126 -39 80 86
Kosciusko 80,669 0.66% 0.38% 228 32 162 34
LaGrange 41,122 1.43% 0.53% 143 401 37 -297
Noble 47,811 0.74% 0.80% 303 119 79 108
Steuben 34,862 1.22% -0.16% -14 -44 89 -59
Wabash 30,777 -0.51% 0.35% 15 -84 17 85
Wells 28,798 2.28% 0.85% 162 18 31 112
Whitley 34,855 1.62% 0.41% 99 50 9 43
NEIN 816,077 2.28% 0.83% 5,494 2,606 2,400 483
10 Counties 416,782 1.21% 0.47% 1,330 868 589 -118
Indiana 6,924,275 1.99% 0.90% 44,144 9,159 30,852 4,268

Source: Greater Fort Wayne Inc

MARKET REPORTS

2024 Office Market Report

The fundamental challenges of downsizing and hybrid work models in the office sector have continued for the fourth consecutive year, however, Fort Wayne is outperforming other Midwest markets in terms of vacancy rate. Office demand will remain soft and owners will need to be aggressive with pricing and terms in order to attract and retain users. We anticipate that these trends will continue into 2025.

2025 Industrial Market Report

For the second consecutive year, the demand for industrial space slowed relative to the proceeding five years as evidenced by modestly positive net absorption and an increase in vacant space. Due to positive business sentiment, the overall forecast for 2025 is that industrial demand will improve and vacancy will decrease.

2024 Retail Market Report

Despite the ongoing economic challenges, the Fort Wayne retail market is surprisingly strong, as evidenced by four consecutive years of increased occupancy. The retail vacancy fell from 10.8% to 9.4% in the past 12 months. The overall forecast for the next 12 months is optimistic with stable to falling vacancy, positive absorption and less new construction.

MARKET NEWS

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LOCAL & REGIONAL LINKS

Northeast Indiana Regional Partnership

Greater Fort Wayne Inc.

U.S. Department of Labor Unemployment Situation Summary

Regional Information
As prepared by Indiana Dept. of workforce Development

City of Fort Wayne
Business Information including demographics, economic development news and other facts

Allen County Government Site