Commercial Real Estate Market in Pella, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 821 off-market properties in Pella, IA.
Market Trends
Pella, IA spans 115.4 square miles in Marion County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Pella, 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 Pella, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Pella, 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 Pella, 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
- Residential 87.7%
- Industrial 5.2%
- Commercial 2.8%
- Civic 2.7%
- Mixed use 1.3%
- Planned_development 0.2%
Largest Zones share of zoned land by district
Agricultural
Low Density Single Family Residential
Heavy Industrial
Community Commercial
Institutional
Pella, IA zones 19,677 acres across 16 districts. Commercial zoning covers 2.8% of zoned land, residential 87.7% and industrial 5.2%. The largest single district is Agricultural at 76.6%. For commercial buyers the practical constraint is that only 8% of land carries a commercial or industrial designation.
Agricultural (A1)
The A1 District provides for and preserves the agricultural and rural use of land, while accommodating very low-density residential development generally associated with agricultural uses. In addition, land included in the Urban Reserve in the Comprehensive Development Plan should be retained in the A1 District to prevent premature or inappropriate developme…
Market overview
Demographics & Economy
Pella, IA has 14,390 residents in 5,621 households. Density runs 125 people per square mile. Median household income here is $83,601 and median gross rent $995 a month.
14,390
Population
5,621
Households
2.6
Avg Household Size
38
Median Age
46%
College-Educated
96%
High-School Grad
115.4 sq mi
ZIP Area
125
Density / Sq Mi
$83,601
Median Household Income
$43,720
Median Earnings
$995
Median Rent
$272,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Durham | — | — |
| Olivet | — | — |
| Leighton | — | — |
| Tracy | — | — |
Commercial property in Pella, IA asks $555/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Pella?
Commercial property in Pella, IA asks an average of $555 per square foot. The 7 most recent recorded sales traded at a median of $88/SF, so asking sits 528% above the achieved median.
What zoning applies to commercial property in Pella?
Pella, IA zones 19,677 acres across 16 districts, of which 2.8% is commercial and 5.2% industrial. The largest single district is Agricultural at 76.6% of zoned land. The A1 District provides for and preserves the agricultural and rural use of land, while accommodating very low-density residential development generally associated with agricultural uses. In addition, land included in the Urban Reserve in the Comprehensive Development Plan should be retained in the A1 District to prevent premature or inappropriate developme… Residential zoning covers 87.7% and open space 0%.
Where does Realmo's Pella market data come from?
Realmo compiles Pella, IA figures from 8 recent recorded sales, 13 active sale listings, 1 active lease listings, 821 tracked off-market properties, the current Pella zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 1 active for-lease listings in Pella, 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: 19,677 zoned acres across 16 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
