Commercial Real Estate Market in Polk City, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
71 active listings and 98 off-market properties in Polk City, IA. Commercial property asks $3,340/SF to buy and $16.00/SF/Yr to lease.
Market Trends
Polk City, IA spans 36.4 square miles in Polk County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Polk City, 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 Polk City, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Polk City, 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 Polk City, 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
Polk City, IA has 6,879 residents in 2,517 households. Density runs 189 people per square mile. Median household income here is $161,627 and median gross rent $746 a month.
6,879
Population
2,517
Households
2.7
Avg Household Size
36
Median Age
48%
College-Educated
98%
High-School Grad
36.4 sq mi
ZIP Area
189
Density / Sq Mi
$161,627
Median Household Income
$76,033
Median Earnings
$746
Median Rent
$390,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Crocker | — | — |
| Camp Dodge | — | — |
| Granger | — | — |
| Alleman | — | — |
Commercial property in Polk City, IA asks $3,340/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Polk City?
Commercial property in Polk City, IA asks an average of $3,340 per square foot. Multifamily carries the highest asking price at $142/SF.
How much does it cost to lease commercial space in Polk City?
Asking lease rates in Polk City, IA average $16.00 per square foot per year.
Where does Realmo's Polk City market data come from?
Realmo compiles Polk City, IA figures from 2 recent recorded sales, 70 active sale listings, 1 active lease listings, 98 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 70 active for-sale and 1 active for-lease listings in Polk City, 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
