Cedar Rapids, IA Market Trends

Looking for more information on sold properties? Get the critical details you need on recent commercial property transactions days after the close of sale.

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Multifamily Property Asking Price Index - Sale Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
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State
$38,101.84 -0.3% -2.6%

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Office Property Asking Price Index - Sale Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
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State
$74.00 -1.0% +3.6%

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Industrial Property Asking Price Index - Sale Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
State
$36.57 +1.9% +0.1%

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Retail Property Asking Price Index - Sale Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
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State
$79.83 +0.7% +5.5%

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Office Property Asking Rent - Lease Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
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State
$11.49 +0.9% -0.7%
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Metro
$10.66 +0.7% -0.2%
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County
$10.74 +0.8% +0.4%
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City
$10.82 -0.2% +0.8%

The average asking rental rate per sq ft/year for Office properties in Cedar Rapids, IA as of Jul 14 was $10.82. This represents a decrease of -0.2% compared to the prior 3 months, with an increase of +0.8% year-over-year. County-wide, average rental rates in Cedar Rapids are +0.8% higher at $10.74 per sq ft/year for Office properties currently for lease.

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Industrial Property Asking Rent - Lease Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
-
State
$5.02 -1.2% +1.9%

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Retail Property Asking Rent - Lease Trends

  Jul 14 vs. 3 mo. prior Y-O-Y
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State
$11.77 +0.8% +1.0%
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Metro
$12.13 -0.6% +7.5%
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County
$12.11 -0.9% +7.3%
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City
$11.72 -0.9% +6.8%

The average asking rental rate per sq ft/year for Retail Commercial properties in Cedar Rapids, IA as of Jul 14 was $11.72. This represents a decrease of -0.9% compared to the prior 3 months, with an increase of +6.8% year-over-year. County-wide, average rental rates in Cedar Rapids are -0.9% lower at $12.11 per sq ft/year for Retail Commercial properties currently for lease.