Commercial Real Estate Market in Gilbert, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 77 off-market properties in Gilbert, IA.
Market Trends
Gilbert, IA spans 9.1 square miles in Story County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Gilbert, 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 Gilbert, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Gilbert, 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 space in Gilbert, IA asks $129/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Gilbert, IA has 1,326 residents in 552 households. Density runs 145 people per square mile. Median household income here is $122,813 and median gross rent $887 a month.
1,326
Population
552
Households
2.4
Avg Household Size
37
Median Age
46%
College-Educated
99%
High-School Grad
9.1 sq mi
ZIP Area
145
Density / Sq Mi
$122,813
Median Household Income
$57,576
Median Earnings
$887
Median Rent
$265,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ames | — | $18.63 |
| Story City | — | — |
| Roland | — | — |
| Randall | — | — |
Commercial property in Gilbert, IA asks $10/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Gilbert?
Commercial property in Gilbert, IA asks an average of $10 per square foot. Multifamily carries the highest asking price at $129/SF.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Gilbert, 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 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 August 2026 · report a data issue
