Commercial Real Estate Market in Cedar Rapids, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
622 active listings and 4,524 off-market properties in Cedar Rapids, IA. Commercial property asks $104/SF to buy and $13.00/SF/Yr to lease.
Market Trends
Cedar Rapids, IA spans 129.2 square miles in Linn County, Iowa. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Cedar Rapids, IA has a median asking sale price of $102/SF. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Cedar Rapids, IA has a median asking sale price of $115/SF. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Cedar Rapids, IA has a median asking sale price of $93/SF (based on 8 listings). Vacancy runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Multifamily
Multifamily space in Cedar Rapids, IA has a median asking sale price of $109/SF. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Market overview
Demographics & Economy
Cedar Rapids, IA has 145,125 residents in 67,220 households. Density runs 1,123 people per square mile. Median household income here is $72,583 and median gross rent $960 a month.
Tools
Nearby Markets
Commercial property in Cedar Rapids, IA asks $104/SF. The 2 bordering markets run from $105/SF in Marion to $107/SF in Hiawatha, and the city sits in line with their $106/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Cedar Rapids?
How much does it cost to lease commercial space in Cedar Rapids?
How does Cedar Rapids compare to nearby markets on price?
Where does Realmo's Cedar Rapids market data come from?
Methodology & data sources
- Asking prices and medians
- There are 127 active for-sale and 495 active for-lease listings in Cedar Rapids, IA. The medians are based on 69 of the for-sale and 102 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 and industrial vacancy is reported at Midwest region level.
- 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 October 2026 · How Realmo checks market page data · Report a data issue
