Commercial Real Estate Market in Washington, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
38 active listings and 698 off-market properties in Washington, IA. Commercial property asks $161/SF to buy and $14.00/SF/Yr to lease.
Market Trends
Washington, IA spans 157.4 square miles in Washington County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Washington, 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 Washington, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Washington, 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 Washington, 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 64.8%
- Industrial 15.2%
- Commercial 11.5%
- Open space 5.6%
- Planned_development 1.6%
Largest Zones share of zoned land by district
One And Two Family Residence
Light Industrial
General Business
One Family Residence
Agricultural
Washington, IA zones 3,471 acres across 14 districts. Commercial zoning covers 11.5% of zoned land, residential 64.8%, open space 5.6% and industrial 15.2%. The largest single district is One And Two Family Residence at 39.3%. For commercial buyers the practical constraint is that only 26.7% of land carries a commercial or industrial designation.
One And Two Family Residence (R-2)
R-2 One- and Two-Family Residence Districts 165.25 Special Events 165.12 R-3 One- to Six-Family Residence Districts 165.26 Enforcement 165.13 R-4 Multi-Family Residence Districts 165.27 District Changes and Ordinance Amendments 165.14 R-5 Multi-Family Residence Districts for Elderly Housing 165.28 Interpretation, Purpose and Conflict Share Download Bookmark…
Market overview
Demographics & Economy
Washington, IA has 9,416 residents in 3,995 households. Density runs 60 people per square mile. Median household income here is $63,232 and median gross rent $912 a month.
9,416
Population
3,995
Households
2.4
Avg Household Size
41
Median Age
22%
College-Educated
93%
High-School Grad
157.4 sq mi
ZIP Area
60
Density / Sq Mi
$63,232
Median Household Income
$36,062
Median Earnings
$912
Median Rent
$155,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Grace Hill | — | — |
| West Chester | — | — |
| Ainsworth | — | — |
| Haskins | — | — |
Commercial property in Washington, IA asks $161/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Washington?
Commercial property in Washington, IA asks an average of $161 per square foot. The 5 most recent recorded sales traded at a median of $76/SF, so asking sits 111% above the achieved median.
How much does it cost to lease commercial space in Washington?
Asking lease rates in Washington, IA average $14.00 per square foot per year.
What zoning applies to commercial property in Washington?
Washington, IA zones 3,471 acres across 14 districts, of which 11.5% is commercial and 15.2% industrial. The largest single district is One And Two Family Residence at 39.3% of zoned land. R-2 One- and Two-Family Residence Districts 165.25 Special Events 165.12 R-3 One- to Six-Family Residence Districts 165.26 Enforcement 165.13 R-4 Multi-Family Residence Districts 165.27 District Changes and Ordinance Amendments 165.14 R-5 Multi-Family Residence Districts for Elderly Housing 165.28 Interpretation, Purpose and Conflict Share Download Bookmark… Residential zoning covers 64.8% and open space 5.6%.
Where does Realmo's Washington market data come from?
Realmo compiles Washington, IA figures from 6 recent recorded sales, 36 active sale listings, 2 active lease listings, 698 tracked off-market properties, the current Washington zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 36 active for-sale and 2 active for-lease listings in Washington, 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: 3,471 zoned acres across 14 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
