Office vacancies halting growth in downtown property values
The amount of vacant office space in Des Moines’ central business district has more than doubled in the past four years, adversely affecting the value of
Source: businessrecord.com
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Slowdown in commercial real estate activity occurred in 2022
Polk County saw a decline in the number of commercial real estate transactions between January and November last year, although sale prices continued to exceed
Source: businessrecord.com
Valuations of most Des Moines-area shopping malls hold steady while values tumble nationally
Valuations of most Des Moines-area shopping malls hold steady while values tumble nationally Wednesday, April 21, 2021 8:00 AM The outlook appears bleak for many of the nation’s shopping malls, with owners walking away from some properties or readily handing them over to lenders. A recent review by Bloomberg News of 118 shopping centers in the U.S. with commercial mortgage-backed securities loans showed values of the properties plummeted by 60%. In Central Iowa, the outlook for regional shopping centers is m...
Source: businessrecord.com