Vacancy rates for office space in Des Moines’ central business district rose to 17.6% in the second quarter of 2021 and to 14.7% in surrounding suburbs, according to data from CBRE|Hubbell.
Overall, office vacancy rates in the Des Moines area have increased from 12.4% in the fourth quarter of 2019 to the current 16.4%, CBRE|Hubbell's data shows. (Click here to see chart.)
The vacancies can mostly be attributed to office users adjusting space needs in response to the pandemic causing employees to work remotely. As conditions improve, some companies are moving to permanent remote staffs while others are offering employees the option of working remotely one or more days a week.
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