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Kiser Group Promotes Danny Mantis to Director
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Kiser Group brings 752-unit rental community in Des Plaines to the market
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Hampstead development set to add preschool; restaurants could follow
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Developer pledges to build preschool in Pender County
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Des Moines areaâs apartment vacancy rate at 6.8% Thursday, April 29, 2021 11:08 AM The following are some highlights from CBRE|Hubbell Commercial’s 2021 first-quarter multifamily market report for the Des Moines area:
The vacancy rate of the 35,251 apartment units surveyed was 6.8% in the first quarter, up slightly from 6.6% in the previous quarter. The central business district had the area’s highest vacancy rate at 9.2%.
The average asking monthly rent was $955, up from $945. Average monthly rental rates ranged from $718 on Des Moines’ east side to $1,200 in the central business district. Currently, 29 of 39 apartment properties surveyed are offering concessions in the form of rent, according to the survey.