Commercial Real Estate Market in Decorah, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
24 active listings and 800 off-market properties in Decorah, IA. Commercial property asks $189/SF to buy and $12.53/SF/Yr to lease.
Market Trends
Decorah, IA spans 316.7 square miles in Winneshiek County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Decorah, 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 Decorah, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Decorah, 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 Decorah, IA runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 54.6%
- Agricultural 15.7%
- Special 13.7%
- Commercial 9.2%
- Industrial 5.6%
- Civic 1.2%
Largest Zones share of zoned land by district
Single Family Residential
Single And Two Family Residential
Multifamily Residential
Agricultural
Floodplain
Single Family Residential (R-1)
NING DISTRICTS, BOUNDARIES AND OFFICIAL MAP Chapter 17.60 - ZONING DISTRICTS, BOUNDARIES AND OFFICIAL MAP Expand Chapter 17.64 - A-1 AGRICULTURAL DISTRICT Chapter 17.64 - A-1 AGRICULTURAL DISTRICT Expand Chapter 17.68 - R-1 SINGLE-FAMILY RESIDENTIAL DISTRICT Chapter 17.68 - R-1 SINGLE-FAMILY RESIDENTIAL DISTRICT Expand Chapter 17.72 - R-2 SINGLE- TO FOUR-FAM…
Market overview
Demographics & Economy
Decorah, IA has 13,186 residents in 5,611 households. Density runs 42 people per square mile. Median household income here is $70,046 and median gross rent $813 a month.
13,186
Population
5,611
Households
2.4
Avg Household Size
42
Median Age
39%
College-Educated
96%
High-School Grad
316.7 sq mi
ZIP Area
42
Density / Sq Mi
$70,046
Median Household Income
$33,090
Median Earnings
$813
Median Rent
$249,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Freeport | — | — |
| Nordness | — | — |
| Locust | — | — |
| Calmar | — | — |
Commercial property in Decorah, IA asks $189/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Decorah?
Commercial property in Decorah, IA asks an average of $189 per square foot. The 7 most recent recorded sales traded at a median of $73/SF, so asking sits 160% above the achieved median.
How much does it cost to lease commercial space in Decorah?
Asking lease rates in Decorah, IA average $12.53 per square foot per year.
Where does Realmo's Decorah market data come from?
Realmo compiles Decorah, IA figures from 7 recent recorded sales, 17 active sale listings, 7 active lease listings, 800 tracked off-market properties, the current Decorah zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 17 active for-sale and 7 active for-lease listings in Decorah, 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.
- Zoning and land use
- The current municipal zoning release: 4,572 zoned acres across 14 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- 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
