Commercial Real Estate Market in North Liberty, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
69 active listings and 516 off-market properties in North Liberty, IA. Commercial property asks $721/SF to buy and $15.74/SF/Yr to lease.
Market Trends
North Liberty, IA spans 34.4 square miles in Johnson County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in North Liberty, 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 North Liberty, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in North Liberty, 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 vacancy in North Liberty, IA runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
North Liberty, IA has 22,096 residents in 9,125 households. Density runs 643 people per square mile. Median household income here is $108,156 and median gross rent $1,221 a month.
22,096
Population
9,125
Households
2.4
Avg Household Size
32
Median Age
54%
College-Educated
99%
High-School Grad
34.4 sq mi
ZIP Area
643
Density / Sq Mi
$108,156
Median Household Income
$57,950
Median Earnings
$1,221
Median Rent
$314,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Tiffin | — | — |
| Coralville | — | $24.94 |
| Twin View Heights | — | — |
| University Heights | — | — |
Commercial property in North Liberty, IA asks $721/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in North Liberty?
Commercial property in North Liberty, IA asks an average of $721 per square foot. The 5 most recent recorded sales traded at a median of $114/SF, so asking sits 532% above the achieved median.
How much does it cost to lease commercial space in North Liberty?
Asking lease rates in North Liberty, IA average $15.74 per square foot per year.
Where does Realmo's North Liberty market data come from?
Realmo compiles North Liberty, IA figures from 7 recent recorded sales, 32 active sale listings, 37 active lease listings, 516 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 32 active for-sale and 37 active for-lease listings in North Liberty, 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, 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
