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Quick view of a market in a ‘growth cycle’

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Here’s a snapshot of the Greater Des Moines commercial real estate market, based on 2015 transactions at CBRE|Hubbell Commercial.

Year over year, leasing activity increased both by volume and in terms of total transactions.

Transaction volume increased by 67 percent, while the number of transactions increased by 40 percent.

Sales dropped slightly, but not for lack of interest among buyers. Instead, there were fewer properties for sale.

On the leasing side, the office, retail and industrial sectors reported better numbers by volume and number of transactions than in 2014.

For Polk County, the sales of multifamily properties dropped to $54 million from $78 million in 2014, when a single sale accounted for $28 million of the total.

Overall, the numbers point to a healthy. “This is what should happens when you’re in the middle of a growth cycle,” said Kyle Gamble, managing director at CBRE|Hubbell Commercial.

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