Coming off of 2020 and the COVID-19 pandemic, overall Greater Des Moines vacancy rates and absorptions are still feeling the effects of various market shifts and demands.
The Greater DSM industrial market recorded 454,989 square feet of negative net absorption in Q1, increasing overall vacancy by 60 bps to 6.1 percent. The Western Suburbs Flex Market and the Northeast Post-1970 warehouse markets recorded the top two leases in Q1, which facilitated strong absorption gains and lowered vacancy levels by 260bps and 100bps, respectively.
For more in-depth charts and table breakdowns per market sector, read the full market survey HERE.
