Des Moines Industrial Rents Up 13%, Vacancy Record Low
Rent Growth Accelerates Across Des Moines Industrial Market Several key indicators signal a dramatic shift in Des Moines' industrial rental terrain. Asking rents are climbing to $7.00 per square foot annually by the first quarter of 2025. The acceleration represents a stark reversal from previous modest growth rates. Projections indicate rent increases will surge to approximately 2.8% by year-end 2025. Market dynamics show significant variation across property segments. R&D/Flex facilities command premium rates of $9.62 per square foot annually. Office services buildings reach $9.40 PSF. Manufacturing properties average $6.40 PSF. Distribution and logistics assets reflect tenant preferences for cost-effective warehouse space. Asking rates are maintained around $6.32 per square foot annually at the start of 2025. The rent acceleration stems from fundamental supply-demand imbalances. These have emerged across Des Moines' industrial corridors. Market vacancy rates have compre...