The Altoona region boasts a low unemployment rate, and rising commercial and industrial occupancy rates. Our retail sales are growing, too, increasing in Altoona by over 30% 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.
UNEMPLOYMENT RATES
VACANCY RATES
| MARKET | 2021 |
| Office | |
| Greater Des Moines Region | 16.7% |
| Northeast Suburban Des Moines (includes Altoona)* | 13% |
| Flex | |
| Greater Des Moines Region | 6% |
| Northeast Suburban Des Moines (includes Altoona)* | 1.4% |
| Warehousing | |
| Greater Des Moines Region | 3.5% |
| Northeast Suburban Des Moines (includes Altoona)* | 1.9% |
| Manufacturing | |
| Greater Des Moines Region | 2.04% |
| Northeast Suburban Des Moines (includes Altoona)* | 2.85% |
| Retail – Neighborhood & Community Center | |
| Greater Des Moines Region | 11.9% |
| Northeast Suburban Des Moines (includes Altoona)* | 4.7% |
| Retail – Big Box | |
| Greater Des Moines Region | 2.9% |
| Northeast Suburban Des Moines (includes Altoona)* | 0% |
*Consists of Northeast Des Moines (extended south to the Des Moines River), Pleasant Hill, Altoona, Eastern Saylor Township, and Delaware Township. Source: CBRE | Hubbell, Q4 2021