Des Moines 3Q 2024 Market Report
Research Multifamily Market Reports Des Moines 3Q 2024 MARKET SNAPSHOT Des Moines 3Q 2024 AVERAGE RENT $1,140 3Q 2024 OCCUPANCY RATE 94.0% 3Q 2024 QUARTERLY NET DEMAND 569 [YTD: 809] YoY RENT CHANGE 1.9% 3Q 2024 YoY OCCUPANCY CHANGE -20 BASIS POINTS QUARTERLY COMPLETIONS 757 [YTD: 1,475] KEY TAKEAWAYS Following relatively subdued net absorption in […]
Des Moines 3Q 2024
An interactive look into the Multifamily Construction Pipeline in Q3 for Des Moines, Iowa
Des Moines 2Q 2024 Report
Des Moines 2Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,133 2Q 2024 2Q 2024 RENT CHANGE 2.1% OCCUPANCY RATE 94.0% 2Q 2024 ANNUAL OCCUPANCY CHANGE -50 BASIS POINTS QUARTERLY DEMAND 207 [YTD: 286] QUARTERLY COMPLETIONS 312 [YTD: 717] KEY TAKEAWAYS Des Moines’ development pipeline is contracting significantly, with around 2,000 units under construction as […]
Des Moines 2Q24
An interactive look into the Multifamily Construction Pipeline in Q2 for Des Moines, Iowa
Des Moines Q1 2024 Report
Des Moines 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,113 1Q 2024 1Q 2024 RENT CHANGE 3.0% OCCUPANCY RATE 94.5% 1Q 2024 ANNUAL OCCUPANCY CHANGE -30 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 5.2% (FEB 2024) NET OPERATING INCOME ANNUAL CHANGE 3.5% (FEB 2024) * Please note that these employment figures have been adjusted […]
Des Moines 2024 Forecast
Des Moines 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,089 4Q 2023 $1,135 4Q 2024 2024 RENT CHANGE 4.2% OCCUPANCY RATE 94.1% 4Q 2023 93.9% 4Q 2024 2024 OCCUPANCY CHANGE -20 points EMPLOYMENT* 390.8K 2023 392.5K 2024 UNEMPLOYMENT RATE** 2.8% 2023 3.2% 2024 * Please note that these employment figures have been adjusted for seasonal […]
Des Moines Q3 2023
Des Moines 3Q23Multifamily Market Report $1,154 average rent 95.3% average occupancy rate $110.4M ytd sales volume 4.4% YoY rent change -1.1 POINT yoy occupancy change 10 YTD individual transactions Supply & Demand 3Q23 257 Units QUARTERLY DEMANDYTD: 337 320 Units QUARTERLY COMPLETIONSYTD: 819 Annual Demand vs Completions 2018 1,409 1,713 2019 1,545 1,203 2020 1,090 […]
Des Moines Q2 2023
Des Moines 2Q23Multifamily Market Report $1,139 average rent 95.3% average occupancy rate $99.9M ytd sales volume 4.6% YoY rent change -1.6 POINT yoy occupancy change 8 YTD individual transactions Supply & Demand 2Q23 152 Units QUARTERLY DEMANDYTD: 106 250 Units QUARTERLY COMPLETIONSYTD: 526 Annual Demand vs Completions 2018 1,414 1,713 2019 1,546 1,203 2020 1,068 […]
Des Moines Q1 2023
This comprehensive analysis provides valuable insights into the multifamily sector’s performance and emerging trends in the Des Moines Market for Q1 2023.
