Steady and resilient. Those are the words that panelists used during the second annual Des Moines State of the Market summit held Aug. 25 by Midwest Real Estate News and REjournals.
Just think of how participants would have described this key Iowa market if it, like all major cities across the country, wasn’t fighting through an economic slowdown caused by the COVID-19 pandemic.
As 2020 started, the commercial real estate market in Des Moines was strong, with deal velocity rising, vacancies falling and rents soaring. Then the pandemic hit, and that all came to a halt.