The mood during the fourth annual Des Moines Forecast Summit held Aug. 30 by REjournals.com and Midwest Real Estate News? It was decidedly upbeat.
And why not? Des Moines is enjoying a strong performance from its commercial real estate market, with the area’s industrial and multifamily markets especially thriving today.
Even those markets that were hit hardest by the COVID-19 pandemic — office, hospitality and retail — are showing signs of improvement.
It’s little surprise, then, that the professionals and speakers gathered at the Sheridan West Des Moines Hotel for the forecast summit had so many positive things to say about the Des Moines CRE market. Speakers predicted a busy end of the year for this market, and said that even with the challenges of rising interest rates, persistent inflation and supply chain disruptions, 2023 looks to be a strong year for the Des Moines market, too.
Bill Wright, CBRE; Matt Lundberg, Cushman & Wakefield; Richie Hurd, Hurd Real Estate; Adam Kaduce R&R Realty Group; and Gard Pecor, CoStar Group.
Jared Hussman, The Katalyst Team, KW Commercial; Tina Smothers, ARTISAN Management Group; Kris Saddoris, Hubbel Development; and Ralph DePasquale, Berkadia.
Mark Mills, R&R Realty Group; Richie Hurd, Hurd Real Estate; Jackie Nickolaus, Sherman Associates; and Kevin Crowley, NAI Iowa Realty.
