CBRE | Hubbell Commercial recently released its 2022 third-quarter industrial report.

Highlights include:

• The vacancy rate for modern bulk and distribution space is 5.29%; warehouse and distribution space 3.35%, flexible space is 2.26%, and manufacturing 1.99%.

• About 2.9 million square feet of industrial space is under construction in the Des Moines area. About 47% of the new construction is occurring in the northeast submarket.

Read the full report HERE