Commercial Real Estate Market in Waukee, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
111 active listings and 634 off-market properties in Waukee, IA. Commercial property asks $479/SF to buy and $19.93/SF/Yr to lease.
Market Trends
Waukee, IA spans 27.5 square miles in Dallas County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Waukee, 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 Waukee, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Waukee, 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 Waukee, 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
- Agricultural 40.1%
- Residential 25.7%
- Industrial 19.5%
- Commercial 10.9%
- Planned_development 2.4%
- Open space 1.3%
Largest Zones share of zoned land by district
Agricultural District
Light Industrial District
One And Two Family Residential District
Community And Highway Service Commercial District
Single Family Residential District
Market overview
Demographics & Economy
Waukee, IA has 24,817 residents in 11,323 households. Density runs 904 people per square mile. Median household income here is $107,864 and median gross rent $1,296 a month.
24,817
Population
11,323
Households
2.2
Avg Household Size
34
Median Age
57%
College-Educated
96%
High-School Grad
27.5 sq mi
ZIP Area
904
Density / Sq Mi
$107,864
Median Household Income
$62,430
Median Earnings
$1,296
Median Rent
$332,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Clive | — | $15.70 |
| Dallas Center | — | — |
| Booneville | — | — |
| Van Meter | — | — |
Commercial property in Waukee, IA asks $479/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Waukee?
Commercial property in Waukee, IA asks an average of $479 per square foot.
How much does it cost to lease commercial space in Waukee?
Asking lease rates in Waukee, IA average $19.93 per square foot per year.
Where does Realmo's Waukee market data come from?
Realmo compiles Waukee, IA figures from 2 recent recorded sales, 86 active sale listings, 25 active lease listings, 634 tracked off-market properties, the current Waukee zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 86 active for-sale and 25 active for-lease listings in Waukee, 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: 13,356 zoned acres across 24 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 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
