In early 2019, just 6.8% of office space in Des Moines’ central business district was vacant, according to a market report by CBRE|Hubbell Commercial.
Nearly three years later – and nearly 19 months after the start of the pandemic – almost 20% of the more than 6.4 million square feet of central business district office space is sitting empty, CBRE|Hubbell’s more recent market report shows.
“The pandemic has had a great impact on the office market, and those effects are going to linger,” said Jackie Nickolaus, senior developer for Sherman Associates, a Minneapolis-based developer with several projects underway in Des Moines.
Read the full story HERE.
