Commercial Real Estate Market in Appleton, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
225 active listings and 3,561 off-market properties in Appleton, WI. Commercial property asks $114/SF to buy and $15.50/SF/Yr to lease.
Market Trends
Appleton, WI spans 106.9 square miles in Outagamie County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Appleton, WI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Appleton, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Appleton, WI 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 space in Appleton, WI asks $125/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 50.4%
- Civic 15.7%
- Industrial 11.2%
- Commercial 8.2%
- Planned_development 6.8%
- Agricultural 6.6%
- Open space 1%
- Mixed use 0.1%
Largest Zones share of zoned land by district
Single Family
Public Institutional
Single Family
General Commercial
Agricultural
Appleton, WI zones 16,816 acres across 24 districts. Commercial zoning covers 8.2% of zoned land, residential 50.4%, open space 1% and industrial 11.2%. The largest single district is Single Family at 32.5%. For commercial buyers the practical constraint is that only 19.4% of land carries a commercial or industrial designation.
Public Institutional (P-I)
The P-I District Setback Example is located on the following page. Remainder of page intentionally left blank ZONING Supp. #100 1642 P-I Setback Example APPLETON CODE Supp. #100 1643
Market overview
Demographics & Economy
Appleton, WI has 125,054 residents in 53,476 households. Density runs 1,170 people per square mile. Median household income here is $82,172 and median gross rent $1,007 a month.
125,054
Population
53,476
Households
2.3
Avg Household Size
38
Median Age
37%
College-Educated
95%
High-School Grad
106.9 sq mi
ZIP Area
1,170
Density / Sq Mi
$82,172
Median Household Income
$46,991
Median Earnings
$1,007
Median Rent
$250,387
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kimberly | — | — |
| Combined Locks | — | — |
| Little Chute | — | — |
| Kaukauna | — | — |
Commercial property in Appleton, WI asks $114/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Appleton?
Commercial property in Appleton, WI asks an average of $114 per square foot. The 3 most recent recorded sales traded at a median of $77/SF, so asking sits 47% above the achieved median. Multifamily carries the highest asking price at $125/SF.
How much does it cost to lease commercial space in Appleton?
Asking lease rates in Appleton, WI average $15.50 per square foot per year.
What zoning applies to commercial property in Appleton?
Appleton, WI zones 16,816 acres across 24 districts, of which 8.2% is commercial and 11.2% industrial. The largest single district is Single Family at 32.5% of zoned land. Residential zoning covers 50.4% and open space 1%.
Where does Realmo's Appleton market data come from?
Realmo compiles Appleton, WI figures from 7 recent recorded sales, 148 active sale listings, 77 active lease listings, 3,561 tracked off-market properties, the current Appleton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 148 active for-sale and 77 active for-lease listings in Appleton, WI. 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: 16,816 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
