Commercial Real Estate Market in Panora, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
21 active listings and 287 off-market properties in Panora, IA.
Market Trends
Panora, IA spans 51.7 square miles in Guthrie County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Panora, 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 Panora, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Panora, 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 Panora, IA runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 49.2%
- Residential 19.1%
- Industrial 14.1%
- Commercial 10.1%
- Mixed use 1.9%
Largest Zones share of zoned land by district
Agricultural District
Residential One District
Arterial Commercial District
Heavy Industrial District
Light Industrial District
Residential One District (R1)
This district is intended to provide for a variety of residential areas where public utilities and services are available and to encourage a suitable living environment through the promotion of public health, safety and welfare.
Market overview
Demographics & Economy
Panora, IA has 2,722 residents in 1,825 households. Density runs 53 people per square mile. Median household income here is $91,250 and median gross rent $1,032 a month.
2,722
Population
1,825
Households
1.5
Avg Household Size
52
Median Age
28%
College-Educated
97%
High-School Grad
51.7 sq mi
ZIP Area
53
Density / Sq Mi
$91,250
Median Household Income
$58,250
Median Earnings
$1,032
Median Rent
$199,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Linden | — | — |
| Yale | — | — |
| Guthrie Center | — | — |
| Jamaica | — | — |
Commercial property in Panora, IA asks $157/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Panora?
Commercial property in Panora, IA asks an average of $157 per square foot. The 3 most recent recorded sales traded at a median of $37/SF, so asking sits 325% above the achieved median.
Where does Realmo's Panora market data come from?
Realmo compiles Panora, IA figures from 3 recent recorded sales, 21 active sale listings, 287 tracked off-market properties, the current Panora zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 0 active for-lease listings in Panora, 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: 1,146 zoned acres across 9 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
