Des Moines’ central business district has more than 6.5 million square feet of office space, of which 18.7%, or 1.2 million square feet, was vacant in the second quarter, according to CBRE|Hubbell Commercial’s second-quarter market report.
The downtown area’s office vacancy rate has increased since spring 2020 when the pandemic sent workers home to do their jobs. Since then, many companies have begun to offer office employees hybrid schedules that allow both remote and in-the-office work.
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