Downtown Des Moines Office Space

700 Locust St - Floor 1 Des Moines, IA men and women restroom
Jul 15
10,000
sqft
Office

Downtown Des Moines

Market Report

Number of Listings
Posted in the last 90 days
35
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
10,000

Downtown Des Moines Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Des Moines submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 9% decrease in rent.

Downtown Des Moines Listing Supply

In the last 90 days, 405 listings have been listed, so you'll want to check back regularly for new listings. About 9% of the available space in the Downtown Des Moines are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 10,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 4 stories. Most buildings in this region were built in 1950 and are Class A.

Downtown Des Moines Community

This region is fairly equally mixed residential and commercial. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Des Moines occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Downtown Des Moines.
Research