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Construction of new apartments slowed in 2020
The Des Moines area saw just 1,084 added to the market last year, 53% less than the five-year average Friday, February 19, 2021 6:00 AM
Construction of new apartment units in Greater Des Moines slowed in 2020 as developers paused to assess the pandemic’s effect on material costs and whether there was demand for new multifamily housing.
Just 1,084 new units were added to the market in 2020, 53% below the five-year average of new unit additions, a recent market survey from CBRE|Hubbell Commercial shows. In 2019, 2,317 new units were added in the Greater Des Moines area, according to a past survey.