Commercial Real Estate Market in Wisconsin
Wisconsin has 5,705 active for-sale listings and 1,787 active for-lease listings. Statewide, the median asking price is $117/SF and the median asking rent is $15.00/SF/Yr as of November 2026. Realmo tracks 106 city markets here; among the 42 with enough listings to rank, median asking prices range from $62/SF in Beloit to $224/SF in Waunakee.
- Median asking price
- $117/SF
- Median asking rent
- $15.00/SF/Yr
- For-sale listings
- 5,705
- For-lease listings
- 1,787
- City markets
- 106
Highest- and Lowest-Priced Markets
Asking prices vary across Wisconsin: the median in Waunakee is $224/SF, 3.6x the $62/SF median in Beloit. The figures below are median asking prices from live listings, not closed sales.
Asking Prices
The highest median asking prices are in Waunakee at $224/SF, Shorewood at $205/SF and Wauwatosa at $185/SF. The lowest median asking prices are in Beloit at $62/SF, Beaver Dam at $64/SF and Mauston at $66/SF. 21 of 42 ranked markets have median asking prices above the statewide $117/SF.
Asking Rents
The highest median asking rents are in Lake Geneva at $18.77/SF/Yr, Brookfield at $17.95/SF/Yr and West Bend at $16.68/SF/Yr. The lowest median asking rents are in Eau Claire at $12.00/SF/Yr, Manitowoc at $12.46/SF/Yr and La Crosse at $13.19/SF/Yr. 5 of 11 ranked markets have median asking rents above the statewide $15.00/SF/Yr.
Wisconsin vs. Neighboring States
The median asking price in Wisconsin is $117/SF, above the $115/SF median of its 4 neighboring states. By median asking price, the state ranks 3rd of 5 in the group; Minnesota is highest at $143/SF and Iowa lowest at $100/SF. The median asking rent is $15.00/SF/Yr, compared with $15.28/SF/Yr in Michigan, $18.00/SF/Yr in Illinois and $15.25/SF/Yr in Minnesota next door. The statewide median asking price is below the U.S. median of $178/SF.
| State | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr | For-Sale Listings | For-Lease Listings |
|---|---|---|---|---|
| Wisconsin | $117 | $15.00 | 5,705 | 1,787 |
| Illinois | $124 | $18.00 | 8,948 | 6,999 |
| Iowa | $100 | $14.00 | 3,011 | 2,265 |
| Michigan | $105 | $15.28 | 10,192 | 6,925 |
| Minnesota | $143 | $15.25 | 3,593 | 2,274 |
| United States | $178 | $18.28 | 265,785 | 185,367 |
A dash means fewer than 10 listings with a usable price.
Commercial Real Estate Markets in Wisconsin
Realmo tracks 106 city markets in Wisconsin; the 40 with the most active listings are listed below. Milwaukee leads with 1,129 active listings, followed by Madison and Appleton.
| City | Active Listings | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|---|
| Milwaukee | 1,129 | $93 | $15.00 |
| Madison | 375 | $397 | $16.00 |
| Appleton | 179 | $144 | — |
| Kenosha | 136 | $143 | $15.81 |
| Racine | 128 | $102 | $13.75 |
| La Crosse | 121 | $113 | $13.19 |
| Oshkosh | 117 | $109 | — |
| Brookfield | 108 | — | $17.95 |
| Eau Claire | 105 | $141 | $12.00 |
| Beaver Dam | 99 | $64 | — |
| Fond du Lac | 98 | $105 | — |
| Waukesha | 76 | $176 | — |
| West Bend | 65 | $147 | $16.68 |
| Wausau | 63 | $143 | — |
| Superior | 60 | $98 | — |
| Sheboygan | 57 | $105 | — |
| West Allis | 56 | $158 | — |
| Manitowoc | 53 | $86 | $12.46 |
| Wauwatosa | 52 | $185 | — |
| Janesville | 51 | $138 | — |
| Neenah | 51 | $125 | — |
| Rice Lake | 48 | $95 | — |
| Stevens Point | 47 | $126 | — |
| Chippewa Falls | 46 | $111 | — |
| Waunakee | 46 | $224 | — |
| Beloit | 45 | $62 | — |
| Sun Prairie | 45 | $156 | — |
| Menomonie | 42 | $130 | — |
| Greenfield | 38 | — | — |
| Wisconsin Rapids | 35 | $104 | — |
| Delavan | 34 | $155 | — |
| Menomonee Falls | 34 | — | — |
| Phillips | 30 | $71 | — |
| Shorewood | 30 | $205 | — |
| Lake Geneva | 29 | — | $18.77 |
| Tomah | 29 | $103 | — |
| Burlington | 27 | $154 | — |
| Onalaska | 26 | — | — |
| Tomahawk | 26 | $172 | — |
| Waupaca | 26 | — | — |
Same method as the statewide figures. A dash means fewer than 10 listings with a usable price.
Frequently Asked Questions
What is the median price per square foot for commercial property in Wisconsin?
How much does it cost to lease commercial space in Wisconsin?
Which cities have the highest and lowest commercial property prices?
How do commercial property prices in Wisconsin compare with neighboring states?
Which markets in Wisconsin have the most active listings?
Where does Realmo's market data come from?
Methodology and Data Sources
- Listing coverage
- Asking figures come from 5,705 active for-sale and 1,787 active for-lease listings across Wisconsin in Realmo's public listing index. They are asking prices, not closed-transaction prices. Sale and lease counts are separate and may overlap. Land listings are not counted. The medians are based on the 2,983 for-sale and 427 for-lease listings that state a price or rent per square foot.
- Asking prices and rents
- Prices are medians of each listing's asking price per square foot, so a few very high or very low listings do not skew them. Data-entry errors are left out, and a median is published only with at least 10 listings with a usable price. A listing with a price range can contribute both endpoints.
- Neighboring states
- Neighboring-state comparisons use the same method and the same snapshot for every state, plus the United States as a reference.
- City markets
- The city list includes cities with more than 3 active listings whose market page has enough data to publish, ordered by active listings, up to 40. The price ranking covers cities with at least 10 priced listings for each metric and leaves out a city more than three times above or below the statewide median. City counts and prices use the same method as the statewide figures, so the table compares like with like; a city's own market page uses its own method, so its figures can differ.
- Updates
- Statewide and neighboring-state figures refresh hourly and city figures daily. Last updated 6 November 2026.
