West Des Moines Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $21.33 2023 Avg. Asking Rent
  • -0.38% Y-o-Y Avg. Asking Rent Change
  • 20.50% 2023 Office Vacancy Rate

West Des Moines office price per square foot in 2023 was $21.33 on average. This marked a -0.38% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 20.50% 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

West Des Moines, IA Office Asking Rents by Class

2023 Office Vacancy Rates in West Des Moines

Submarket Asking Rents Vacancy Rates
Downtown $25.75 11.88%
West Des Moines $21.33 19.89%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the West Des Moines market was 20.50% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in West Des Moines was 11.88% in the Downtown submarket, while the highest office vacancy in the market was 19.89%, recorded in West Des Moines.

Office Spaces for Rent in Iowa

Coworking Spaces in Iowa

2023 Office Construction in West Des Moines, IA

  • West Des Moines, IA Total SF completed in 2023 61,304
  • West Des Moines, IA Total SF under construction in 2024 72,000

During 2023, 61,304 square feet of new office space were delivered across the market. At the close of 2023, the West Des Moines office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 61,304 square feet of office space. Looking forward, development activity throughout 2024 is estimated to add 72,000 square feet of office space to the market, before year-end.

Largest Office Properties Recently Completed in West Des Moines
Office building Address SF Completed
595 Tower 595 60th Street, 50266 72,991 2023
Westfield Campus 1080 Jordan Creek Parkway, 50266 160,000 2018
440 Fairway Dr 440 Fairway Drive, 50266 18,000 2007
Brickstone 1055 Jordan Creek Parkway, 50266 31,304 2006
650 S Prairie View Dr 650 S Prairie View Dr, 50266 7,242 2006
Sonoma 1089 Jordan Creek Parkway, 50266 75,534 2005
LADCO II Building 6701 Westown Pkwy, 50266 31,751 2005
6600 Westown Pkwy 6600 Westown Pkwy, 50266 88,136 2004
Pinehurst 1225 Jordan Creek Parkway, 50266 35,085 2004
Summit 1245 Jordan Creek Parkway, 50266 35,085 2004

Worth noting among recent office completions on the West Des Moines market is 595 Tower, which is currently the largest new office development in the city, at 72,991 square feet.

Data provided by Commercial Edge

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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 West Des Moines 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.