On average, listings lease in the $20's per square foot per year. The Downtown Des Moines submarket is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.
In the last 90 days, 113 listings have come on the market, so you'll want to check back regularly for new listings. About 38% of the available space in the Downtown Des Moines are subleases, so you might be able to snag a great spot on a short term. 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 8,110 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 4 stories. Most buildings in this market were built in 1950 and are Class B.
This region is fairly equally mixed residential and commercial. Real estate is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Des Moines residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.