Cedar Rapids, IA Industrial Properties for Lease
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Cedar Rapids, IA Industrial properties Lease Rates & Market Statistics
Explore 60 Industrial properties for lease in Cedar Rapids, IA on Realmo, a commercial real estate exchange covering the Cedar Rapids area. The current inventory totals 3,418,520 square feet of properties — an average of ~57,000 SF per listing.
Asking lease rates for Industrial properties in Cedar Rapids start at $6 SF/Yr, average $8.40 SF/Yr, and reach $12 SF/Yr at the top of the market. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. At $8.40 SF/Yr, the local average runs 7% below Iowa's state average of $9 SF/Yr.
Cedar Rapids accounts for 46% of the 131 industrial properties currently available across Linn County, where nearby markets include Hiawatha and Marion. By space type, the market includes 45 flex space listings, 10 distribution centers and 3 other industrial properties — other industrial properties typically offer the lowest entry point, while distribution centers command the highest rates.