Commercial Real Estate Market in Marion, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
109 active listings and 943 off-market properties in Marion, IA. Commercial property asks $105/SF to buy and $16.00/SF/Yr to lease.
Market Trends
Marion, IA spans 74.3 square miles in Linn County, Iowa. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Marion, IA runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Marion, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Marion, IA has a median asking sale price of $79/SF (based on 4 listings). Vacancy 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 Marion, 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 49.2%
- Commercial 17.6%
- Open space 11.1%
- Civic 7.5%
- Industrial 7.2%
- Planned_development 6.9%
Largest Zones share of zoned land by district
Marion, IA zones 11,566 acres across 34 districts. Commercial zoning covers 17.6% of zoned land, residential 49.2%, open space 11.1% and industrial 7.2%. The largest single district is Suburban Medium Density Single Family Residential at 21.4%. For commercial buyers the practical constraint is that only 24.8% of land carries a commercial or industrial designation.
SR-2 Suburban Medium-Density Single-Family Residential District. The SR-2 Suburban Medium-Density Single-Family Residential District is intended and designed for medium-density one-unit areas free from other uses except those which are both compatible with and convenient to the residents of such a district. (4)
Market overview
Demographics & Economy
Marion, IA has 43,130 residents in 18,153 households. Density runs 580 people per square mile. Median household income here is $87,463 and median gross rent $963 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Hiawatha | $107 | $9.00 |
| Cedar Rapids | $106 | $12.58 |
Commercial property in Marion, IA asks $105/SF. The 2 bordering markets run from $106/SF in Cedar Rapids to $107/SF in Hiawatha, and the city sits in line with their $107/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Marion?
How much does it cost to lease commercial space in Marion?
How does Marion compare to nearby markets on price?
What zoning applies to commercial property in Marion?
Where does Realmo's Marion market data come from?
Methodology & data sources
- Asking prices and medians
- There are 24 active for-sale and 85 active for-lease listings in Marion, IA. The medians are based on 14 of the for-sale and 14 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: 11,566 zoned acres across 34 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
