Commercial Real Estate Market in Pleasant Hill, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
40 active listings and 220 off-market properties in Pleasant Hill, IA. Commercial property asks $69/SF to buy and $13.00/SF/Yr to lease.
Market Trends
Pleasant Hill, IA spans 37.9 square miles in Polk County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Pleasant Hill, 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 Pleasant Hill, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Pleasant Hill, 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 space in Pleasant Hill, IA asks $142/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Pleasant Hill, IA has 49,028 residents in 20,270 households. Density runs 1,294 people per square mile. Median household income here is $68,599 and median gross rent $1,113 a month.
49,028
Population
20,270
Households
2.4
Avg Household Size
38
Median Age
19%
College-Educated
90%
High-School Grad
37.9 sq mi
ZIP Area
1,294
Density / Sq Mi
$68,599
Median Household Income
$38,937
Median Earnings
$1,113
Median Rent
$198,385
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ivy | — | — |
| Norwoodville | — | — |
| Avon Lake | — | — |
| Des Moines | — | $13.96 |
Commercial property in Pleasant Hill, IA asks $69/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Pleasant Hill?
Commercial property in Pleasant Hill, IA asks an average of $69 per square foot. The 5 most recent recorded sales traded at a median of $106/SF. Multifamily carries the highest asking price at $142/SF.
How much does it cost to lease commercial space in Pleasant Hill?
Asking lease rates in Pleasant Hill, IA average $13.00 per square foot per year.
Where does Realmo's Pleasant Hill market data come from?
Realmo compiles Pleasant Hill, IA figures from 5 recent recorded sales, 32 active sale listings, 8 active lease listings, 220 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 8 active for-lease listings in Pleasant Hill, 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 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 August 2026 · report a data issue
