Commercial Real Estate Market in Hiawatha, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
110 active listings and 433 off-market properties in Hiawatha, IA. Commercial property asks $355/SF to buy and $10.07/SF/Yr to lease.
Market Trends
Hiawatha, IA spans 3.9 square miles in Linn County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Hiawatha, IA asks $136/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Hiawatha, IA asks $152/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hiawatha, 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 Hiawatha, IA asks $115/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
- Residential 28.6%
- Commercial 27.3%
- Agricultural 26.2%
- Industrial 7.1%
- Planned_development 5.9%
- Civic 3%
- Open space 1.9%
Largest Zones share of zoned land by district
Agriculture
Highway Commercial
Residential Single Family
Residential Single Family
Industrial
Market overview
Demographics & Economy
Hiawatha, IA has 7,091 residents in 3,123 households. Density runs 1,812 people per square mile. Median household income here is $66,497 and median gross rent $846 a month.
7,091
Population
3,123
Households
2.3
Avg Household Size
39
Median Age
31%
College-Educated
97%
High-School Grad
3.9 sq mi
ZIP Area
1,812
Density / Sq Mi
$66,497
Median Household Income
$44,111
Median Earnings
$846
Median Rent
$200,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Robins | — | — |
| Toddville | — | — |
| Midway | — | — |
| Marion | — | $13.62 |
Commercial property in Hiawatha, IA asks $355/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hiawatha?
Commercial property in Hiawatha, IA asks an average of $355 per square foot. The 4 most recent recorded sales traded at a median of $139/SF, so asking sits 155% above the achieved median. Retail carries the highest asking price at $152/SF.
How much does it cost to lease commercial space in Hiawatha?
Asking lease rates in Hiawatha, IA average $10.07 per square foot per year.
Where does Realmo's Hiawatha market data come from?
Realmo compiles Hiawatha, IA figures from 7 recent recorded sales, 31 active sale listings, 79 active lease listings, 433 tracked off-market properties, the current Hiawatha zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 31 active for-sale and 79 active for-lease listings in Hiawatha, 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: 3,030 zoned acres across 20 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
