Market insight

Market Overview

  • Fort Wayne is located in the northeast corner of Indiana.
  • The population of Fort Wayne is 270,402 based on the 2019 Estimated U.S. Census Data.
  • The population of Allen County is 379,299 based on the 2019 Estimated U.S. Census Data.
  • The population of the Fort Wayne area CSA is 611,373 based on the 2019 Estimated U.S. Census Data.
  • The CSA consists of Allen, Whitley, DeKalb, Huntington, Wells, Noble and Adams counties.
  • The Fort Wayne CSA ranks 81 out of 172 total CSA’s in the US based on 2019 Estimated U.S. Census Data.

Market Inventory Totals

  • Total Allen County retail inventory = 14,029,088 SF
  • Total Allen County office inventory = 13,205,914 SF
  • Total NE IN (or 10 county) industrial inventory  = 113,368,417 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

2020 2019 % Change
Adams 35,839 35,688 0.4%
Allen 382,186 379,006 0.8%
DeKalb 43,670 43,561 0.3%
Huntington 36,395 36,544 -0.4%
Kosciusko 78,988 79,438 -0.6%
LaGrange 40,119 39,771 0.9%
Noble 47,832 47,907 -0.2%
Steuben 34,831 34,759 0.2%
Wabash 30,784 31,028 -0.8%
Wells 28,142 28,131 0.0%
Whitley 34,378 33,868 1.5%
NEI 793,165 789,701 0.4%
Indiana 6,754,953 6,731,010 0.4%
U.S. 329,484,123 328,329,953 0.4%

Source: U.S Census Bureau and Development Counsellors International (DCI)

MARKET REPORTS

2021 Office Survey Report

The office market statistics for the 12 months from October 2020 to September 2021 reflect a positive absorption of 247,000 SF, an increase of 181,000 SF from the previous year. In addition, the overall market vacancy rate decreased from 10.12% to 9.21%. These numbers are characteristic of a strong office market and are healthy when compared to national vacancy rates.

2021 Industrial Market Report

Despite COVID-19, industrial real estate in northeast Indiana experienced significant growth in 2020.

2021 Retail Market Report
Despite forecasts to the contrary, there was positive market absorption and a decrease in market vacancy.

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