Commercial Real Estate Market in Carroll, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
29 active listings and 819 off-market properties in Carroll, IA. Commercial property asks $1,675/SF to buy and $25.00/SF/Yr to lease.
Market Trends
Carroll, IA spans 168.6 square miles in Carroll County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Carroll, IA runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Carroll, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Carroll, IA runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Carroll, IA runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Carroll, IA has 12,248 residents in 5,576 households. Density runs 73 people per square mile. Median household income here is $64,458 and median gross rent $720 a month.
12,248
Population
5,576
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
95%
High-School Grad
168.6 sq mi
ZIP Area
73
Density / Sq Mi
$64,458
Median Household Income
$45,938
Median Earnings
$720
Median Rent
$192,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Maple River | — | — |
| Roselle | — | — |
| Lidderdale | — | — |
| Mount Carmel | — | — |
Commercial property in Carroll, IA asks $1,675/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Carroll?
Commercial property in Carroll, IA asks an average of $1,675 per square foot. The 6 most recent recorded sales traded at a median of $40/SF, so asking sits 4054% above the achieved median.
How much does it cost to lease commercial space in Carroll?
Asking lease rates in Carroll, IA average $25.00 per square foot per year.
Where does Realmo's Carroll market data come from?
Realmo compiles Carroll, IA figures from 6 recent recorded sales, 25 active sale listings, 4 active lease listings, 819 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 25 active for-sale and 4 active for-lease listings in Carroll, IA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
