Commercial Real Estate Market in Hiawatha, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
88 active listings and 433 off-market properties in Hiawatha, IA. Commercial property asks $107/SF to buy (based on 4 listings) and $9.00/SF/Yr to lease.
Market Trends
Hiawatha, IA spans 3.9 square miles in Linn County, Iowa. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Hiawatha, IA runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Hiawatha, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in Hiawatha, IA runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Marion | $105 | $16.00 |
| Cedar Rapids | $106 | $12.58 |
Commercial property in Hiawatha, IA asks $107/SF. The 2 bordering markets run from $105/SF in Marion to $106/SF in Cedar Rapids, 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 Hiawatha?
How much does it cost to lease commercial space in Hiawatha?
How does Hiawatha compare to nearby markets on price?
Where does Realmo's Hiawatha market data come from?
Methodology & data sources
- Asking prices and medians
- There are 7 active for-sale and 81 active for-lease listings in Hiawatha, IA. The medians are based on 4 of the for-sale and 32 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.
- 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 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
