Just 117,500 square feet of office space is under construction in the Des Moines area, the lowest amount since 2013, according to a third-quarter office market report issued by JLL Inc., a global commercial real estate services company headquartered in Chicago. The company has a Des Moines office. Four of the five office buildings under construction are in the western suburbs, including the Oaks on Grand, which is scheduled to be completed in March 2022. According to the report, the office vacancy rate is 15.8% in the Des Moines area. The vacancy rate in the central business district is 28.2%; in the western suburbs, its 8.9%. To read the report, click here.