Market insight

Market Overview

  • Fort Wayne is located in the northeast corner of Indiana.
  • The population of Fort Wayne is 265,904 based on the 2017 Estimated U.S. Census Data.
  • The population of Allen County is 375,351 based on based on the 2018 Estimated U.S. Census Data.
  • The population of the Fort Wayne area CSA is 634,831 based on the 2018 Estimated U.S. Census Data.
  • The CSA consists of Allen, Whitley, DeKalb, Huntington, Wells, Noble and Adams counties.
  • The Fort Wayne CSA ranks 61 out of 125 total CSA’s in the US based on 2017 Estimated U.S. Census Data.

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

2018 Population Census 2017 population difference % change 2017 to 2018
Adams 35,636 214 0.60%
Allen 375,351 3,141 0.84%
DeKalb 43,226 404 0.94%
Huntington 36,240 1 0.00%
LaGrange 39,330 108 0.28%
Noble 47,532 148 0.31%
Steuben 34,586 165 0.48%
Wabash 31,280 (130) -0.41%
Wells 28,206 192 0.69%
Whitley 34,074 297 0.88%
Totals 705,481 4,540 0.62%

MARKET SURVEYS

2020 Industrial Survey

2019 was another good year for industrial real estate in northeast Indiana.  For the 10th consecutive year we had positive absorption and another year with a low vacancy rate. Despite rising construction costs there were 2.5 million SF of new construction in the region.

2019 Retail Survey

The overall retail vacancy rate in the twelve months from May 2018 to May 2019 increased from 11.1% to 12.0% with a negative absorption of 166,000 sq. ft. The vacancy increase and negative absorption were a direct result of the closing of four big box retailers, and not a reflection of the overall retail market conditions, which remain strong.

2019 Office Survey

Fort Wayne market vacancy was lower than the national average of 12.2% (source: CBRE) and lower than most Midwest cities.

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