2024 Office Space Rent & Sales
- $12.78 2024 Avg. Asking Rent
- 21.82% 2024 Office Vacancy Rate
Des Moines office price per square foot in 2024 was $12.78 on average. The local office market recorded an average vacancy rate of 21.82% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Iowa Class A & A+ Office Space$19.75
- Iowa Class B Office Space$11.96
- Iowa Class C Office Space$9.34
Des Moines, IA Office Asking Rents by Class
2024 Office Vacancy Rates in Des Moines
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Northeast | $22.00 | 28.42% |
| Downtown | $13.67 | 20.69% |
| Ankeny | $13.41 | 6.09% |
| West Des Moines | $11.91 | 24.89% |
| Northwest | $11.17 | 6.41% |
| East Village | $10.71 | 29.29% |
Office Spaces for Rent in Iowa
Coworking Spaces in Iowa
- Chicago Coworking Space
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- Chattanooga Coworking Space
2024 Office Construction in Des Moines, IA
- Des Moines, IA Total SF under construction in 2025 79,816
| Office building | Address | SF | Completed |
|---|---|---|---|
| 418 East Grand Avenue | 418 East Grand Avenue, 50309 | 40,000 | 2025 |
| 717 Locust Street | 717 Locust Street, 50309 | 146,261 | 2018 |
| 604 Locust Street | 604 Locust Street, 50309 | 153,932 | 2017 |
| Iowa Orthopaedic Center | 450 Laurel Street, 50314 | 60,000 | 2008 |
| Davis Brown Tower | 215 10th Street, 50309 | 432,630 | 2007 |
| 100 East Euclid Avenue | 100 East Euclid Avenue, 50313 | 199,938 | 2007 |
| 801 Walnut Street | 801 Walnut Street, 50309 | 335,556 | 2006 |
| 106 East 6th Street | 106 East 6th Street, 50309 | 49,851 | 2006 |
| 535 SW 7th Street | 535 SW 7th Street, 50309 | 36,082 | 2004 |
| 800 Walnut Street | 800 Walnut Street, 50309 | 315,000 | 2003 |
Worth noting among recent office completions on the Des Moines market is 418 East Grand Avenue, which is currently the largest new office development in the city, at 40,000 square feet.
See reports for other markets
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Des Moines commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.