2020 Office Space Rent & Sales
- $21.91 2020 Avg. Asking Rent
- 2.30% 2020 Office Vacancy Rate
Johnston office price per square foot in 2020 was $21.91 on average. The local office market recorded an average vacancy rate of 2.30% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Johnston Class A Office Space$23.79
- Johnston Class B Office Space$20.81
- Iowa Class A Office Space$25.13
- Iowa Class B Office Space$19.28
- Iowa Class C Office Space$10.29
Johnston, IA Office Asking Rents by Class
2020 Office Construction in Johnston, IA
- Johnston, IA Total SF completed in 2020
- Johnston, IA Total SF under construction in 2021 57,500
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Johnston office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space. Looking forward, development activity throughout 2021 is estimated to add 57,500 square feet of office space to the market, before year-end.
|7901 Birchwood Court||7901 Birchwood Court, 50131||72,000||2019|
|8325 NW 62nd Avenue||8325 NW 62nd Avenue, 50131||184,288||2014|
|Beaver Creek Office - Building 1||8305 NW 62nd Avenue, 50131||198,554||2011|
|Delta Dental of Iowa Corporate Headquarters||9000 Northpark Drive, 50131||52,410||2010|
|West Park Office Building||5435 NW 100th Street, 50131||33,140||2009|
|Crescent Chase ll||8700 Crescent Chase, 50131||30,184||2009|
|Offices at Northpark||9201 Northpark Drive, 50131||60,000||2008|
|Crescent Chase I||8850 NW 62nd Avenue, 50131||41,080||2008|
|Johnston Station||5525 Merle Hay Road, 50131||63,500||2005|
|8001 Birchwood Court||8001 Birchwood Court, 50131||45,500||2003|
Worth noting among recent office completions on the Johnston market is 7901 Birchwood Court, which is currently the largest new office development in the city, at 72,000 square feet.
See reports for nearby markets
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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Johnston 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.