Commercial Real Estate Market in Ashland, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
43 active listings and 566 off-market properties in Ashland, WI.
Market Trends
Ashland, WI spans 288.9 square miles in Ashland County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ashland, 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 Ashland, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Ashland, 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 vacancy in Ashland, WI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 17.2%
- Civic 13.9%
- Industrial 11.2%
- Special 6.4%
- Commercial 3.8%
- Open space 1.8%
Largest Zones share of zoned land by district
Future Development
Single Family Residential
Heavy Industrial
Airport
Planned Residential Institutional
Future Development (FD)
All land annexed to the City shall automatically be designated FD Future Development District unless otherwise directed by the Common Council as part of the annexation process. Such designation shall remain until definite boundaries and regulations for such land are adopted by the Common Council. F. Land Use Table & Dimensional Requirements Table Appendix C-…
Market overview
Demographics & Economy
Ashland, WI has 11,492 residents in 5,599 households. Density runs 40 people per square mile. Median household income here is $59,556 and median gross rent $709 a month.
11,492
Population
5,599
Households
2.1
Avg Household Size
42
Median Age
25%
College-Educated
96%
High-School Grad
288.9 sq mi
ZIP Area
40
Density / Sq Mi
$59,556
Median Household Income
$37,388
Median Earnings
$709
Median Rent
$172,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Washburn | — | — |
| Odanah | — | — |
| Mason | — | — |
| Bayfield | — | — |
Commercial property in Ashland, WI asks $73/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ashland?
Commercial property in Ashland, WI asks an average of $73 per square foot.
Where does Realmo's Ashland market data come from?
Realmo compiles Ashland, WI figures from 6 recent recorded sales, 40 active sale listings, 3 active lease listings, 566 tracked off-market properties, the current Ashland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 40 active for-sale and 3 active for-lease listings in Ashland, 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: 7,760 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
