The following are highlights from CBRE|Hubbell Commercial’s 2021 third-quarter office market report for the Des Moines area:
• In the third quarter, 16.7%, or 2.9 million square feet, of office space was vacant. The vacancy is slightly less than the 16.9% reported in the second quarter. The central business district, with over 6.4 million square feet of office space, had a vacancy rate of 19.6%. Ankeny, with 568,025 square feet of office space, had a vacancy rate of 17.7%.
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