There’s been a lot of unknowns in the news lately, but one thing we’re sure is coming is a financial slow down. The coronavirus pandemic has caused hardships for not only local business owners, but many individuals who are currently out of a job. This lack of spending will have ripple effects in many industries, including the real estate market in Des Moines.
Many local investors in the multifamily housing market are nervous about whether or not tenants will be able to make rent payments during the upcoming economic downturn. Our market research team surveyed many local property owners to assess the current climate and project the commercial real estate trends we expect to see in the coming months. See how the commercial real estate market in Des Moines stacks up compared to national averages.