Commercial Real Estate Market in Grimes, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
123 active listings and 528 off-market properties in Grimes, IA. Commercial property asks $134/SF to buy and $11.56/SF/Yr to lease.
Market Trends
Grimes, IA spans 25.1 square miles in Polk County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Grimes, 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 Grimes, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Grimes, 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 Grimes, IA asks $142/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 44.6%
- Residential 25.9%
- Industrial 19.2%
- Commercial 7.6%
- Open space 2.8%
Largest Zones share of zoned land by district
Agricultural District
Commercial And Limited Light Industrial District
Planned Residential Development
Commercial District
Single And Two Family Dwelling District
Market overview
Demographics & Economy
Grimes, IA has 16,025 residents in 6,345 households. Density runs 638 people per square mile. Median household income here is $108,352 and median gross rent $1,156 a month.
16,025
Population
6,345
Households
2.5
Avg Household Size
33
Median Age
48%
College-Educated
99%
High-School Grad
25.1 sq mi
ZIP Area
638
Density / Sq Mi
$108,352
Median Household Income
$59,868
Median Earnings
$1,156
Median Rent
$285,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Herrold | — | — |
| Camp Dodge | — | — |
| Johnston | — | $17.20 |
| Urbandale | — | $10.46 |
Commercial property in Grimes, IA asks $134/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Grimes?
Commercial property in Grimes, IA asks an average of $134 per square foot. The 6 most recent recorded sales traded at a median of $115/SF, so asking sits 16% above the achieved median. Multifamily carries the highest asking price at $142/SF.
How much does it cost to lease commercial space in Grimes?
Asking lease rates in Grimes, IA average $11.56 per square foot per year.
Where does Realmo's Grimes market data come from?
Realmo compiles Grimes, IA figures from 7 recent recorded sales, 107 active sale listings, 16 active lease listings, 528 tracked off-market properties, the current Grimes zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 107 active for-sale and 16 active for-lease listings in Grimes, 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: 7,425 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 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
