Commercial Real Estate Market in Panarama Park, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
86 active listings and 1,173 off-market properties in Panarama Park, IA. Commercial property asks $416/SF to buy and $20.82/SF/Yr to lease.
Market Trends
Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Panarama Park, 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 Panarama Park, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Panarama Park, 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 Panarama Park, IA runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Tools
Lease vs Buy Breakeven
At $20.82/SF/Yr lease vs $416/SF buy → buying wins if held > 10.1 years.
At a 5% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pleasant Valley | — | — |
| Hampton | — | — |
| East Moline | — | $11.05 |
| Silvis | — | $11.67 |
Commercial property in Panarama Park, IA asks $416/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Panarama Park?
Commercial property in Panarama Park, IA asks an average of $416 per square foot. The 6 most recent recorded sales traded at a median of $94/SF, so asking sits 342% above the achieved median.
How much does it cost to lease commercial space in Panarama Park?
Asking lease rates in Panarama Park, IA average $20.82 per square foot per year.
Is it cheaper to lease or buy commercial space in Panarama Park?
Buying beats leasing in Panarama Park, IA if the property is held longer than 10.1 years, comparing $20.82/SF/Yr asking rent with $416/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Panarama Park market data come from?
Realmo compiles Panarama Park, IA figures from 7 recent recorded sales, 60 active sale listings, 26 active lease listings, 1,173 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 60 active for-sale and 26 active for-lease listings in Panarama Park, 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
