Insights
Iowa
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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.
VACANCY
Apartment
Average Vacancy Rate 5.2%
- Drifted upward by 10 basis points.
- Expected to finish 2020 at 6.9%.
Distribution / Warehousing
Average Vacancy Rate 7.2%
- Lowest in the Midwest region, twentieth lowest in the nation.
- Drifted downward by 10 basis points.
- Expected to finish 2019 at 6.5%.
Office
Average Vacancy Rate 15.0%
- Lowest in the Midwest region, seventeenth lowest in the nation.
- Drifted downward by 20 basis points.
- Expected to finish 2020 at 17.5%.
Retail
Average Vacancy Rate 10.3%
- Lowest in the Midwest region, thirty-sixth lowest in the nation.
- Drifted upward by 20 basis points.
- Highest level since year-end 2009.
RENT
Apartment
Average Asking Rent $951
- Fastest rent growth in the Midwest region, eighth most rapid in the nation.
- Expected to finish 2020 at $929.
Distribution / Warehousing
Average Asking Rent $5.74
- Flat since year-end 2018.
- Expected to finish 2019 at $5.83.
Office
Average Asking Rent $18.56
- Down 0.6% from Q1 2020.
- Expected to finish 2020 at $18.27.
Retail
Average Asking Rent $14.24
- Fastest rent growth in the Midwest region, sixth most rapid in the nation.
- Expected to finish 2020 at $13.61.