2023 Office Space Rent & Sales
- $22.33 2023 Avg. Asking Rent
- 23.89% 2023 Office Vacancy Rate
Urbandale office price per square foot in 2023 was $22.33 on average. The local office market recorded an average vacancy rate of 23.89% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Iowa Class A & A+ Office Space$26.47
- Iowa Class B Office Space$21.09
- Iowa Class C Office Space$21.88
Urbandale, IA Office Asking Rents by Class
2023 Office Vacancy Rates in Urbandale
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Urbandale | $22.51 | 24.56% |
| Northwest | $17.05 | 2.65% |
Office Spaces for Rent in Iowa
Coworking Spaces in Iowa
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2023 Office Construction in Urbandale, IA
- Urbandale, IA Total SF completed in 2023 76,000
During 2023, 76,000 square feet of new office space were delivered across the market. At the close of 2023, the Urbandale office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 76,000 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Paradigm | 12100 Meredith Drive Urbandale, Iowa 50323, 50323 | 90,000 | 2018 |
| Crescent | 12421 Meredith Drive, 50323 | 216,165 | 2008 |
| Ashland Point | 2900 100th Street, 50322 | 62,184 | 2005 |
| Crossroads Business Park - Building 11 | 12010 Ridgemont Drive, 50323 | 75,000 | 2004 |
| Northshore Office Complex | 4093 NW Urbandale Drive, 50322 | 90,000 | 2001 |
| Aurora 15 | 4450 NW 114th Street, 50322 | 44,152 | 1993 |
| Aurora 14 | 4550 NW 114th Street, 50322 | 46,946 | 1992 |
| 7723 Douglas Ave | 7723 Douglas Ave, 50322 | 8,622 | 1992 |
| Aurora 12 | 11200 - 11274 Aurora Avenue, 50322 | 58,399 | 1991 |
| Aurora 13 | 11100 - 11180 Aurora Avenue, 50322 | 58,399 | 1991 |
Worth noting among recent office completions on the Urbandale market is Paradigm, which is currently the largest new office development in the city, at 90,000 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Urbandale commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.