The following are highlights from CBRE|Hubbell Commercial’s 2021 third-quarter multifamily market report for the Des Moines area:
• The vacancy rate of the 36,522 apartment units surveyed was 4.2% in the quarter that ended Sept. 30. The vacancy rate has fallen more than 2 percentage points from the first quarter’s rate of 6.3%. In the second quarter, the vacancy rate was 5.3%. In the third quarter, the central business district had the area’s highest vacancy rate at 7.1%.
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