Economic IndicatorsNOW

The Altoona region boasts a low unemployment rate, and rising commercial and industrial occupancy rates. Our retail sales are growing, too, increasing in the Des Moines region by over 10% since 2015. The region’s availability of jobs, careers and growing workforce are building momentum, boosting local commerce and lifting Altoona and neighboring communities to great heights.


UNEMPLOYMENTNOW

unemploymentNow

 

OCCUPANCYNOW

OCCUPANCY RATES 2015 2016 2017
Office
Greater Des Moines Region 91% 91.6% 90.8%
Northeast Suburban Des Moines (includes Altoona)* 90.7% 92.8% 92.5%
Flex
Greater Des Moines Region 90.7% 92.8% 93.2%
Northeast Suburban Des Moines (includes Altoona)* 94% 94.4% 91.7%
Warehousing
Greater Des Moines Region 93.3% 93.8% 92.2%
Northeast Suburban Des Moines (includes Altoona)* 95.7% 96.7% 95.70%
Manufacturing
Greater Des Moines Region 97.3% 96.7% 96.8%
Northeast Suburban Des Moines (includes Altoona)* 98.2% 95.9% 96.1%
Retail – Regional Malls
Merle Hay Mall 93.6% 94.1% 95.5%
Valley West Mall 91% 92% 92%
Jordan Creek Town Center 98.6% 97.7% 99%
Greater Des Moines Region Total 94.5% 94.7% 95.6%
Retail – Neighborhood & Community Center
Greater Des Moines Region 80.8% 82.6% 84.2%
Northeast Suburban Des Moines (includes Altoona)* 85.8% 87.6% 87.2%
Retail – Big Box
Greater Des Moines Region 94.70% 95.4% 96.4%
Northeast Suburban Des Moines (includes Altoona)* 97.7% 93.7% 94.6%

*Consists of Northeast Des Moines (extended south to the Des Moines River), Pleasant Hill, Altoona, Eastern Saylor Township, and Delaware Township.

SALESNOW

RETAIL SALES Greater Des Moines Region Percentage Change
2016  $8,073,528,763 4.18%
2015  $7,736,253,089 6.10%
2014  $7,291,651,292 4.61%
2013  $6,969,991,553 2.70%
2012  $6,786,896,931

Sources: Greater Des Moines Partnership, CBRE/Hubbell Des Moines Market Survey 2017, Iowa Workforce Development Local Area Unemployment Statistics, October 2017.