Secondary Cities Attracting Industrial Activity

The latest building at the Corporate Woods Industrial Park in Ankeny, IA, will be finished in May 2018.

DES MOINES, IA—The nation’s industrial market may have entered what some call a golden age, especially for developers that work in the top core markets, but smaller, secondary cities are also attracting a fair amount of activity. The Opus Group just unveiled plans for a 200,700-square-foot speculative industrial development in Ankeny, a suburb of Des Moines. This building marks the second phase of the master planned development at its Corporate Woods Industrial Park, a 50-acre site that already boasts a fully-leased 208,000 square foot industrial warehouse and additional space for a third facility of up to 200,000 square feet.

“Opus continues to see strong leasing velocity in the Des Moines market,” Jason Conway, director, real estate development, Opus Development Co., LLC, tells GlobeSt.com. In addition to the many local firms expressing a desire to expand, “we are also seeing a lot of new companies moving into the Des Moines area.”