Commercial Real Estate Market in Sioux City, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
283 active listings and 3,842 off-market properties in Sioux City, IA. Commercial property asks $103/SF to buy and $12.99/SF/Yr to lease.
Market Trends
Sioux City, IA spans 129.9 square miles in Woodbury County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Sioux 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 Sioux 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 Sioux 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 Sioux City, IA asks $119/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
Sioux City, IA has 89,446 residents in 36,329 households. Density runs 689 people per square mile. Median household income here is $67,484 and median gross rent $942 a month.
89,446
Population
36,329
Households
2.5
Avg Household Size
35
Median Age
22%
College-Educated
85%
High-School Grad
129.9 sq mi
ZIP Area
689
Density / Sq Mi
$67,484
Median Household Income
$39,385
Median Earnings
$942
Median Rent
$160,419
Median Home Value
Tools
Lease vs Buy Breakeven
At $12.99/SF/Yr lease vs $103/SF buy → buying wins if held > 0.9 years.
At a 12.6% 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 |
|---|---|---|
| South Sioux City | — | $10.83 |
| Dakota City | — | — |
| McCook Lake | — | — |
| James | — | — |
Commercial property in Sioux City, IA asks $103/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Sioux City?
Commercial property in Sioux City, IA asks an average of $103 per square foot. The 5 most recent recorded sales traded at a median of $166/SF. Multifamily carries the highest asking price at $119/SF.
How much does it cost to lease commercial space in Sioux City?
Asking lease rates in Sioux City, IA average $12.99 per square foot per year.
Is it cheaper to lease or buy commercial space in Sioux City?
Buying beats leasing in Sioux City, IA if the property is held longer than 0.9 years, comparing $12.99/SF/Yr asking rent with $103/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 Sioux City market data come from?
Realmo compiles Sioux City, IA figures from 5 recent recorded sales, 259 active sale listings, 24 active lease listings, 3,842 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 259 active for-sale and 24 active for-lease listings in Sioux 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
