Commercial Real Estate Market in Iowa
Iowa has 3,011 active for-sale listings and 2,265 active for-lease listings. Statewide, the median asking price is $100/SF and the median asking rent is $14.00/SF/Yr as of November 2026. Realmo tracks 52 city markets here; among the 22 with enough listings to rank, median asking prices range from $67/SF in Waterloo to $193/SF in Iowa City.
- Median asking price
- $100/SF
- Median asking rent
- $14.00/SF/Yr
- For-sale listings
- 3,011
- For-lease listings
- 2,265
- City markets
- 52
Highest- and Lowest-Priced Markets
Asking prices vary across Iowa: the median in Iowa City is $193/SF, 2.9x the $67/SF median in Waterloo. The figures below are median asking prices from live listings, not closed sales.
Asking Prices
The highest median asking prices are in Iowa City at $193/SF, Coralville at $183/SF and Ankeny at $170/SF. The lowest median asking prices are in Waterloo at $67/SF, Boone at $69/SF and Dubuque at $73/SF. 13 of 22 ranked markets have median asking prices above the statewide $100/SF.
Asking Rents
The highest median asking rents are in Cedar Falls at $20.93/SF/Yr, Coralville at $19.40/SF/Yr and Waterloo at $18.00/SF/Yr. The lowest median asking rents are in Hiawatha at $9.00/SF/Yr, Urbandale at $10.50/SF/Yr and Dubuque at $12.00/SF/Yr. 6 of 16 ranked markets have median asking rents above the statewide $14.00/SF/Yr.
Iowa vs. Neighboring States
The median asking price in Iowa is $100/SF, below the $123/SF median of its 6 neighboring states. By median asking price, the state is the lowest of the 7 in the group. The median asking rent is $14.00/SF/Yr, compared with $18.00/SF/Yr in Illinois, $14.18/SF/Yr in Missouri and $15.00/SF/Yr in Wisconsin next door. The statewide median asking price is below the U.S. median of $178/SF.
| State | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr | For-Sale Listings | For-Lease Listings |
|---|---|---|---|---|
| Iowa | $100 | $14.00 | 3,011 | 2,265 |
| Illinois | $124 | $18.00 | 8,948 | 6,999 |
| Minnesota | $143 | $15.25 | 3,593 | 2,274 |
| Missouri | $112 | $14.18 | 5,960 | 2,725 |
| Nebraska | $131 | $15.79 | 838 | 890 |
| South Dakota | $122 | $14.39 | 690 | 277 |
| Wisconsin | $117 | $15.00 | 5,705 | 1,787 |
| United States | $178 | $18.28 | 265,785 | 185,367 |
A dash means fewer than 10 listings with a usable price.
Commercial Real Estate Markets in Iowa
Realmo tracks 52 city markets in Iowa; the 40 with the most active listings are listed below. Cedar Rapids leads with 624 active listings, followed by Des Moines and Iowa City.
| City | Active Listings | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|---|
| Cedar Rapids | 624 | $111 | $13.50 |
| Des Moines | 395 | $134 | $14.00 |
| Iowa City | 323 | $193 | $14.00 |
| Waterloo | 277 | $67 | $18.00 |
| Davenport | 203 | $81 | $12.00 |
| Coralville | 183 | $183 | $19.40 |
| Sioux City | 180 | $127 | $14.00 |
| Dubuque | 166 | $73 | $12.00 |
| Cedar Falls | 134 | $111 | $20.93 |
| West Des Moines | 115 | $160 | $16.00 |
| Marion | 112 | $100 | $16.00 |
| Spirit Lake | 100 | $117 | — |
| Mason City | 88 | $113 | — |
| Hiawatha | 87 | — | $9.00 |
| Ankeny | 84 | $170 | — |
| Urbandale | 84 | — | $10.50 |
| North Liberty | 78 | — | $13.00 |
| Panarama Park | 64 | $90 | $16.00 |
| Burlington | 51 | — | — |
| Clive | 49 | — | $12.00 |
| Tiffin | 41 | $140 | — |
| Ames | 39 | $125 | — |
| Marshalltown | 38 | — | — |
| Newton | 37 | $99 | — |
| Waukee | 35 | — | — |
| Council Bluffs | 31 | $109 | — |
| Ottumwa | 27 | — | — |
| Waverly | 27 | — | — |
| Johnston | 25 | — | — |
| Clinton | 23 | — | — |
| Grinnell | 22 | $78 | — |
| Milford | 20 | $100 | — |
| Keokuk | 19 | — | — |
| Boone | 18 | $69 | — |
| Indianola | 18 | — | — |
| Manchester | 17 | — | — |
| Oelwein | 17 | — | — |
| Vinton | 17 | — | — |
| Washington | 17 | — | — |
| Spencer | 16 | — | — |
Same method as the statewide figures. A dash means fewer than 10 listings with a usable price.
Frequently Asked Questions
What is the median price per square foot for commercial property in Iowa?
How much does it cost to lease commercial space in Iowa?
Which cities have the highest and lowest commercial property prices?
How do commercial property prices in Iowa compare with neighboring states?
Which markets in Iowa have the most active listings?
Where does Realmo's market data come from?
Methodology and Data Sources
- Listing coverage
- Asking figures come from 3,011 active for-sale and 2,265 active for-lease listings across Iowa in Realmo's public listing index. They are asking prices, not closed-transaction prices. Sale and lease counts are separate and may overlap. Land listings are not counted. The medians are based on the 1,261 for-sale and 824 for-lease listings that state a price or rent per square foot.
- Asking prices and rents
- Prices are medians of each listing's asking price per square foot, so a few very high or very low listings do not skew them. Data-entry errors are left out, and a median is published only with at least 10 listings with a usable price. A listing with a price range can contribute both endpoints.
- Neighboring states
- Neighboring-state comparisons use the same method and the same snapshot for every state, plus the United States as a reference.
- City markets
- The city list includes cities with more than 3 active listings whose market page has enough data to publish, ordered by active listings, up to 40. The price ranking covers cities with at least 10 priced listings for each metric and leaves out a city more than three times above or below the statewide median. City counts and prices use the same method as the statewide figures, so the table compares like with like; a city's own market page uses its own method, so its figures can differ.
- Updates
- Statewide and neighboring-state figures refresh hourly and city figures daily. Last updated 6 November 2026.
