The CBRE | Hubbell Commercial Q2 2021 Multifamily report has been released. A strong spring leasing season paired with no new deliveries in Q1 resulted in positive net absorption of approximately 530 units in Q2, lowering all overall vacancy 150 bps to 5.3%.
Hubbell Realty Company has begun construction of the third and final rental apartment community, called Level, within the Bridge District neighborhood in the East Village.
TJ Jacobs, a vice president at CBRE|Hubbell Commercial, had just one positive thing to say about the Des Moines area’s office market during a recent virtual presentation that included information about the real estate sector:
More than 200 company and organizational leaders signed the Greater Des Moines Partnership’s CEO Commitment to Racial Equity after Floyd’s death and the weeks of protests that followed last summer.
As restrictions lifted and the economy began to reopen, Hubbell employees returned to the office on a voluntary basis. Now, corporate office workers are asked to be in the office at least three days a week.
More than 1.1 million square feet of commercial and industrial space development is either underway or planned in Ankeny, making 2021 one of the community’s most active construction years.
A second B Nails location, a new high-end salon operated by Nguyen Luong, will open in 2,400 square feet of ground-level commercial space in LINC at Gray’s Station, located at 11th Street and Martin Luther King Jr. Parkway just south of downtown Des Moines.
