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Iowa

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Market Overview

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EXPLORE 2 Iowa MARKETSToggle markets

Des Moines
Omaha

Des Moines

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VACANCY

Distribution / Warehousing

Average Vacancy Rate 7.2%

Declined by 80 basis points.
Expected to finish 2019 at.

RENT

Distribution / Warehousing

Average Asking Rent $4.60

Up 0.4% from year-end 2018.
Has risen for six consecutive quarters.
Expected to finish 2019 at.

Learn more about the Iowa markets from one of our professionals

Learn more about the Iowa markets from one of our professionals.

Omaha

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VACANCY

Apartment

The average Vacancy Rate was 4.7% in the Omaha metro

Vacancy in the Omaha metro drifted downward by 10 basis points.
The Omaha metro had the lowest vacancy level since Q3 2019.
Vacancy is expected to finish 2023 at 5.0% in the Omaha metro.

Distribution / Warehousing

The average Vacancy Rate was 4.9% in the Omaha metro

Vacancy in the Omaha metro drifted downward by 20 basis points.
The Omaha metro had the lowest vacancy level since Q1 2017.
Vacancy is expected to finish 2023 at 4.8% in the Omaha metro.

Office

The average Vacancy Rate was 13.6% in the Omaha metro

The Omaha metro had the second lowest vacancy in the nation, behind only New York Metro.
Vacancy in the Omaha metro declined by 60 basis points.
The Omaha metro had the lowest vacancy level since year-end 2008.

Retail

The average Vacancy Rate was 9.9% in the Omaha metro

The Omaha metro had the lowest vacancy in the Midwest region, third lowest in the nation.
Vacancy in the Omaha metro drifted downward by 20 basis points.
The Omaha metro had the lowest vacancy level since Q2 2019.

RENT

Apartment

The average Asking Rent was $1,180 in the Omaha metro

The Omaha metro had the second fastest rent growth in the nation, behind only Providence.
Rent is expected to finish 2023 at $1,206 in the Omaha metro.

Distribution / Warehousing

The average Asking Rent was $6.94 in the Omaha metro

Rent in the Omaha metro was up 1.6% from Q1 2023.
Rent has risen in every quarter for the past three years in the Omaha metro.
Rent is expected to finish 2023 at $7.12 in the Omaha metro.

Office

The average Asking Rent was $19.35 in the Omaha metro

Rent in the Omaha metro was up 0.2% from Q1 2023.
Rent Has risen for seven consecutive quarters in the Omaha metro.
Rent is expected to finish 2023 at $19.45 in the Omaha metro.

Retail

The average Asking Rent was $14.09 in the Omaha metro

Rent in the Omaha metro was up 0.1% from Q1 2023.
Rent is expected to finish 2023 at $14.16 in the Omaha metro.

Learn more about the Iowa markets from one of our professionals

Learn more about the Iowa markets from one of our professionals.