2023 Office Space Rent & Sales
- $25.08 2023 Avg. Asking Rent
- 1.54% Y-o-Y Avg. Asking Rent Change
- 11.18% 2023 Office Vacancy Rate
Des Moines office price per square foot in 2023 was $25.08 on average. This marked a +1.54% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 11.18% across all asset classes combined.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Des Moines Class A & A+ Office Space$30.27
- Des Moines Class B Office Space$23.27
- Iowa Class A & A+ Office Space$26.47
- Iowa Class B Office Space$21.09
- Iowa Class C Office Space$21.88
Des Moines, IA Office Asking Rents by Class
2023 Office Vacancy Rates in Des Moines
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Downtown | $25.75 | 11.88% |
Ankeny | $25.49 | 4.80% |
East Village | $21.67 | 18.13% |
West Des Moines | $21.33 | 19.89% |
Northwest | $17.05 | 2.65% |
Coworking Spaces in Iowa
- Chicago Coworking Space
- Denver Coworking Space
- Nashville Coworking Space
- Columbus Coworking Space
- Indianapolis Coworking Space
- Cincinnati Coworking Space
- Minneapolis Coworking Space
- Kansas City Coworking Space
- Colorado Springs Coworking Space
- Detroit Coworking Space
- Memphis Coworking Space
- Louisville Coworking Space
- St. Louis Coworking Space
- Milwaukee Coworking Space
- Boulder Coworking Space
- Omaha Coworking Space
- Grand Rapids Coworking Space
- Tulsa Coworking Space
- Ann Arbor Coworking Space
- Chattanooga Coworking Space
- Madison Coworking Space
2023 Office Construction in Des Moines, IA
Office building | Address | SF | Completed |
---|---|---|---|
50 Forest Ave | 50 Forest Ave, 50314 | 61,712 | 2018 |
50 Forest Ave | 50 Forest Ave, 50314 | 61,712 | 2018 |
604 Locust Street | 604 Locust Street, 50309 | 153,932 | 2017 |
Locust Plaza | 1420 Locust Street, 50309 | 34,646 | 2015 |
Davis Brown Tower | 215 10th Street, 50309 | 432,630 | 2007 |
1200-1230 Locust Street & 309 13th Street | 1200 Locust Street, 50391 | 371,920 | 2007 |
430 East Grand Avenue | 430 East Grand Avenue, 50309 | 51,456 | 2004 |
330 Laurel Street | 330 Laurel Street, 50314 | 51,084 | 2003 |
Gateway East Building | 601 East Locust Street, 50309 | 30,920 | 2002 |
Riverpoint | 501 SW 7th Street, 50309 | 44,674 | 2001 |
Worth noting among recent office completions on the Des Moines market is 50 Forest Ave, which is currently the largest new office development in the city, at 61,712 square feet.
See reports for other markets
- West Des Moines Office Rent Price
- Austin Office Rent Price
- Dallas Office Rent Price
- Seattle Office Rent Price
- Denver Office Rent Price
- Chicago Office Rent Price
- San Francisco Office Rent Price
- Houston Office Rent Price
- San Antonio Office Rent Price
- Manhattan Office Rent Price
- Atlanta Office Rent Price
- San Diego Office Rent Price
- Washington Office Rent Price
- Phoenix Office Rent Price
- Miami Office Rent Price
- Los Angeles Office Rent Price
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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. 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.