Commercial Real Estate Market in Waverly, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
32 active listings and 839 off-market properties in Waverly, IA. Commercial property asks $69/SF to buy (based on 3 listings) and $13.50/SF/Yr to lease.
Market Trends
Waverly, IA spans 128.6 square miles in Bremer County, Iowa. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Waverly, IA runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Typical asking range for active listings in Waverly, IA (the middle half): Lease $9.50–$14.50/SF/Yr (median $12.50/SF/Yr, 8 listings).
Retail
Retail vacancy in Waverly, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Typical asking range for active listings in Waverly, IA (the middle half): Lease $11.25–$16.00/SF/Yr (median $16.00/SF/Yr, 10 listings).
Industrial
Industrial vacancy in Waverly, 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%.
Multifamily
Multifamily vacancy in Waverly, IA 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
- Agricultural 44.6%
- Commercial 30.4%
- Open space 7.7%
- Industrial 6.7%
- Residential 6.4%
- Planned_development 4.3%
Largest Zones share of zoned land by district
REQUIREMENTS. Uses permitted in the S-1 district shall include any use permitted in the C-2 and C-3 districts, and as limited by these districts; provided, however, the city council may consider any additional restrictions proposed by the owner. The lot area, lot frontage, and yard requirements of the
Market overview
Demographics & Economy
Waverly, IA has 12,789 residents in 5,053 households. Density runs 99 people per square mile. Median household income here is $82,950 and median gross rent $880 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Waverly?
How much does it cost to lease commercial space in Waverly?
Where does Realmo's Waverly market data come from?
Methodology & data sources
- Asking prices and medians
- There are 15 active for-sale and 17 active for-lease listings in Waverly, IA. The medians are based on 3 of the for-sale and 16 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: 6,654 zoned acres across 15 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
