Iowa City, Iowa, offers a unique opportunity for investors to capitalize on the growing demand for industrial properties. With a population of over 74,000 and a strong presence of major employers like the University of Iowa Hospitals and Clinics (UIHC) and ACT college testing services, Iowa City is an attractive location for businesses looking to establish or expand their operations. Industrial properties in Iowa City can represent a range of investments, from manufacturing facilities to warehouses and distribution centers. The city's strategic location along the Iowa River and its proximity to major transportation hubs, including the Iowa City Municipal Airport and Interstate 80, make it an ideal location for businesses that require easy access to transportation infrastructure. Additionally, Iowa City's highly educated workforce, with over 50% of residents holding a bachelor's degree or higher, provides a skilled labor pool for businesses to draw from. The city's amenities, including the University of Iowa, Kirkwood Community College, and various cultural venues, also contribute to its appeal as a great place to live and work. Iowa City is also home to notable companies like the University of Iowa Hospitals and Clinics (UIHC) and ACT college testing services, making it a great place for business and travel.
Iowa City's industrial properties offer a range of opportunities for investors, with 4 listings currently available. The average price per square foot for industrial properties in Iowa City is $119 USD, with an average size of 138,084 square feet. The largest industrial property available in Iowa City is 346,062 square feet. In addition to industrial properties, Iowa City also offers a range of other property types, including warehouses, with their proximity to major transportation hubs making them ideal for logistics and distribution operations. Land is also available for development, with opportunities for investors to build new industrial facilities or other types of properties. Apartment buildings are another option, with Iowa City's strong rental market driven by the presence of the University of Iowa and other major employers. Commercial real estate, including office buildings and retail spaces, is also available in Iowa City, with opportunities for investors to capitalize on the city's growing economy. Overall, Iowa City offers a diverse range of property types and investment opportunities, making it an attractive location for investors looking to capitalize on the growing demand for industrial properties.
What is the average price per square foot for industrial properties in Iowa City?
The average price per square foot for industrial properties in Iowa City is $119 USD per square foot, with 4 available listings ranging in size from 138,084 square feet to 346,062 square feet, offering a diverse range of options for businesses and investors.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Iowa City, as they directly impact the ease of doing business, logistics, and overall operational efficiency.
- Proximity to major transportation hubs, such as the Iowa City Municipal Airport, Eastern Iowa Airport, and Interstate 80, can increase property values due to the convenience and accessibility they provide for businesses that rely on shipping and receiving goods.
- Properties located near key infrastructure components, like the Court Street Transportation Center and Coralville Transit Intermodal Facility, may command higher prices due to the ease of access to public transportation services and intercity bus transit connections.
- In Iowa City, industrial properties with proximity to the University of Iowa and its research facilities, as well as major employers like UIHC and ACT, may also see increased property values due to the potential for collaboration and access to a skilled workforce.
