Commercial Real Estate Market in Waterloo, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
288 active listings and 4,388 off-market properties in Waterloo, IA. Commercial property asks $65/SF to buy and $17.00/SF/Yr to lease.
Market Trends
Waterloo, IA spans 190.3 square miles in Black Hawk County, Iowa. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Waterloo, IA asks $11.55/SF/Yr to lease; the median asking sale price is $63/SF. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Waterloo, IA asks $23.54/SF/Yr to lease; the median asking sale price is $50/SF (based on 6 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Waterloo, IA has a median asking sale price of $48/SF (based on 7 listings). Vacancy runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Multifamily
Multifamily space in Waterloo, IA has a median asking sale price of $80/SF (based on 8 listings). Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Industrial 65.9%
- Commercial 34.1%
- Residential 0%
Largest Zones share of zoned land by district
Waterloo, IA zones 34,281 acres across 26 districts. Commercial zoning covers 34.1% of zoned land, residential 0% and industrial 65.9%. The largest single district is Agricultural at 41.7%. For commercial buyers the practical constraint is that only 100% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Waterloo, IA has 76,874 residents in 36,512 households. Density runs 404 people per square mile. Median household income here is $58,591 and median gross rent $895 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Waterloo?
How much does it cost to lease commercial space in Waterloo?
What zoning applies to commercial property in Waterloo?
Where does Realmo's Waterloo market data come from?
Methodology & data sources
- Asking prices and medians
- There are 123 active for-sale and 165 active for-lease listings in Waterloo, IA. The medians are based on 29 of the for-sale and 75 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 34,281 zoned acres across 26 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
