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Des Moines’ industrial market continues to flex its muscle, led by an extraordinarily low 2.5 percent vacancy rate (as of Q1 2016).
With around one-third of total industrial inventory in Des Moines older than 1970, heavy demand continues for additional industrial buildings that meet more modern requirements—specifically at least 30 feet of clearance to accommodate higher racking systems.
In response, more than 1.1 million square feet of distribution warehouse space and nearly 300,000 square feet of flex or manufacturing space is now under construction (as of Q1 2016).
The majority of this newer space is being built in Urbandale and Grimes. These markets proximity to Interstate 25/80 is a major draw for both flex and warehouse users alike.
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