Overall, 16.7% or 2.97 million square feet of the 17.82 million square feet of office space in the Des Moines area was vacant in the first quarter. That’s higher than the 16% vacant in the fourth quarter, according to the report.
“I feel like we’ve seen an uptick in activity in 2022,” said Korey Birkenholtz, a vice president at CBRE|Hubbell. “Folks are out in the market, looking and touring spaces. … The deal velocity isn’t where we want it to be as far as leases getting signed, but we are encouraged with the amount of activity that we’re seeing.”
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