Des Moines Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Des Moines is $12.84 per square foot, 0.47% higher compared to the previous year.
  • The market’s vacancy rate stands at 26.43%, higher than the state average of Iowa, which is 23.99%.

2025 Office Space Rent & Sales

  • $12.84 2025 Avg. Asking Rent
  • 0.47% Y-o-Y Avg. Asking Rent Change
  • 26.43% 2025 Office Vacancy Rate
  • $43.5M2025 Total Office Sales
  • $30.68Avg. Sale Price/SF

What is the average asking rent price for office space in Des Moines?

Average asking rents for office space here stand at $12.84 per square foot. The local office market recorded an average vacancy rate of 26.43% in 2025, unchanged from 26.43% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $43.5M across 6 sales. These transactions commanded an average sale price per square foot of $30.68.

Des Moines, IA Office Asking Rents by Class

What is the average office rent per square foot by property class in IA?

  • Avg. Asking Rent Class A & A+$19.44
  • Avg. Asking Rent Class B$12.67
  • Avg. Asking Rent Class C$8.02

For comparison, the average rent for Class A and A+ office space in Iowa was $19.44 per square foot. The state-wide average for Class B space was $12.67 per square foot, and Class C office spaces averaged $8.02 per square foot.

Des Moines, IA Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Des Moines was Ankeny at 7.67%. Meanwhile, the highest office vacancy rate in the market was 28.42%, recorded in Northeast.
Submarket Asking Rents Vacancy Rates
Northeast $22.00 28.42%
Ankeny $15.46 7.67%
Northwest $15.41 9.13%
West Des Moines $13.22 18.51%
East Village $12.74 22.71%
Downtown $12.51 26.29%
Data provided by Yardi Research

Explore Top Office Markets in Iowa

2025 Office Sales Volume

  • $30.682025 Avg. Price per SF
  • -49.01%Y-o-Y Avg. PpSF Change
  • $43.5M2025 Office Sales Volume
  • 62025 Number of Transactions

What is the average sale price per square foot for office space in Des Moines?

Average sale prices for office space in this market recorded a -49.01% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $30.68 per square foot. For comparison, the statewide Iowa average during the same time period stood at $58.78 per square foot, while the national average was $182.48 per square foot.

Des Moines, IA Sale Price per SF Trend

  • Des Moines Avg. Sale Price per SF in 2025$30.68
  • Iowa Avg. Sale Price per SF in 2025$58.78

What was the total office sales volume in Des Moines in 2025?

The local office market recorded 6 deals in 2025, adding up to a yearly sales volume of $43.5M.

  • Des Moines, IA Total Office Sales Volume in 2025 $43.5M
  • Des Moines, IA Total Number of Office Sales Closed in 2025 6
Data provided by Yardi Research

Office Construction in Des Moines, IA

What are the largest recent office completions in Des Moines?

The largest recent office completion here is Davis Brown Tower at 432,630 square feet, completed in 2007. The next largest completions are 100 East Euclid Avenue and Krause Gateway Center.

Office building Address SF Completed
2120 Ingersoll Ave 2120 Ingersoll Ave, 50312 5,496 2021
Krause Gateway Center 1459 Grand Avenue, 50309 160,000 2018
717 Locust Street 717 Locust Street, 50309 146,261 2018
604 Locust Street 604 Locust Street, 50309 153,932 2017
1231 Keosauqua Way 1231 Keosauqua Way, 50309 9,565 2014
210 Court Ave 210 Court Ave, 50309 6,210 2014
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
6058 SE 14th Street, Des Moines 6058 SE 14th Street, 50320 4,050 2007
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

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 Yardi Research Data can guarantee that the information provided is complete.