The CBRE | Hubbell Commercial Q2 2021 Multifamily report has been released. A strong spring leasing season paired with no new deliveries in Q1 resulted in positive net absorption of approximately 530 units in Q2, lowering all overall vacancy 150 bps to 5.3%.
TJ Jacobs, a vice president at CBRE|Hubbell Commercial, had just one positive thing to say about the Des Moines area’s office market during a recent virtual presentation that included information about the real estate sector:
As restrictions lifted and the economy began to reopen, Hubbell employees returned to the office on a voluntary basis. Now, corporate office workers are asked to be in the office at least three days a week.
A second B Nails location, a new high-end salon operated by Nguyen Luong, will open in 2,400 square feet of ground-level commercial space in LINC at Gray’s Station, located at 11th Street and Martin Luther King Jr. Parkway just south of downtown Des Moines.
Iowa Spine and Performance, an evidence-based practice focused on helping patients’ pain and improving performance – both life and sports focused – will be opening in LINC at Gray’s Station later this summer.