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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 5.7% in the Omaha metro

No vacancy change since Q2 2024 in the Omaha metro.
The Omaha metro had the highest vacancy level since Q2 2021.
Vacancy is expected to finish 2024 at 5.8% in the Omaha metro.

Distribution / Warehousing

The average Vacancy Rate was 5.0% in the Omaha metro

No vacancy change since Q2 2024 in the Omaha metro.
The Omaha metro had the highest vacancy level since Q2 2022.
Vacancy is expected to finish 2024 at 4.8% in the Omaha metro.

Office

The average Vacancy Rate was 14.1% in the Omaha metro

The Omaha metro had the lowest vacancy in the Midwest region, fourth lowest in the nation.
Vacancy in the Omaha metro declined by 100 basis points.
Vacancy is expected to finish 2024 at 14.7% in the Omaha metro.

Retail

The average Vacancy Rate was 9.0% in the Omaha metro

The Omaha metro had the lowest vacancy in the Midwest region, twenty-second lowest in the nation.
Vacancy in the Omaha metro declined by 60 basis points.
The Omaha metro had the lowest vacancy level since Q1 2017.

RENT

Apartment

The average Asking Rent was $1,163 in the Omaha metro

Rent in the Omaha metro was up 0.9% from Q2 2024.
Rent is expected to finish 2024 at $1,172 in the Omaha metro.

Distribution / Warehousing

The average Asking Rent was $7.18 in the Omaha metro

Rent in the Omaha metro was up 0.8% from Q2 2024.
Rent has risen in every quarter since Q2 2020 in the Omaha metro.
Rent is expected to finish 2024 at $7.23 in the Omaha metro.

Office

The average Asking Rent was $19.80 in the Omaha metro

Rent in the Omaha metro was up 0.2% from Q2 2024.
Rent has risen in every quarter for the past three years in the Omaha metro.
Rent is expected to finish 2024 at $19.88 in the Omaha metro.

Retail

The average Asking Rent was $14.24 in the Omaha metro

Rent in the Omaha metro was up 0.1% from Q2 2024.
Rent is expected to finish 2024 at $14.27 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.