Cap rate and building permits in Indianapolis

[Jason Malabute]

I have 2 questions for people who owns properties with 5 units and up (commercial):

1) what is the average cap rate in Indy (I know cap rate might fluctuate from area to area) . I just need a general feeling of the cap rate in Indianapolis for properties 5 units and up

2) I know a lot of big investors are moving to Indy. This is obvious of the new apartments in the downtown area. My question is the city lax in issuing building permits (increasing supplies)? I ask since I can’t call the city office right now due to the Covid19 shutdown

3) when are we gonna start seeing price decreases on multis?