Commercial Real Estate Market in Brookfield, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
116 active listings and 885 off-market properties in Brookfield, WI. Commercial property asks $166/SF to buy and $18.98/SF/Yr to lease.
Market Trends
Brookfield, WI spans 58.9 square miles in Waukesha County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Brookfield, 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 Brookfield, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Brookfield, 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 Brookfield, 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 67.7%
- Commercial 13.5%
- Open space 7.2%
- Industrial 5.5%
- Mixed use 4%
- Planned_development 2.2%
Largest Zones share of zoned land by district
Single Family Residential District
Single Family Residential District
Conservancy District
Recreational District
Office And Limited Industrial District
Brookfield, WI zones 17,445 acres across 26 districts. Commercial zoning covers 13.5% of zoned land, residential 67.7%, open space 7.2% and industrial 5.5%. The largest single district is Single Family Residential District at 31.8%. For commercial buyers the practical constraint is that only 19% of land carries a commercial or industrial designation.
Single Family Residential District (R-2)
The purpose of this district is for one family dwellings, crop and tree farming, keeping of poultry and domestic livestock including horses, but not including hogs, goats or fur bearing animals
Market overview
Demographics & Economy
Brookfield, WI has 71,771 residents in 31,399 households. Density runs 1,218 people per square mile. Median household income here is $111,510 and median gross rent $1,658 a month.
71,771
Population
31,399
Households
2.3
Avg Household Size
45
Median Age
59%
College-Educated
98%
High-School Grad
58.9 sq mi
ZIP Area
1,218
Density / Sq Mi
$111,510
Median Household Income
$64,747
Median Earnings
$1,658
Median Rent
$419,279
Median Home Value
Tools
Lease vs Buy Breakeven
At $18.98/SF/Yr lease vs $166/SF buy → buying wins if held > 1.1 years.
At a 11.4% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Elm Grove | — | — |
| Butler | — | — |
| Menomonee Falls | — | $12.38 |
| West Allis | — | — |
Commercial property in Brookfield, WI asks $166/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Brookfield?
Commercial property in Brookfield, WI asks an average of $166 per square foot.
How much does it cost to lease commercial space in Brookfield?
Asking lease rates in Brookfield, WI average $18.98 per square foot per year.
Is it cheaper to lease or buy commercial space in Brookfield?
Buying beats leasing in Brookfield, WI if the property is held longer than 1.1 years, comparing $18.98/SF/Yr asking rent with $166/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
What zoning applies to commercial property in Brookfield?
Brookfield, WI zones 17,445 acres across 26 districts, of which 13.5% is commercial and 5.5% industrial. The largest single district is Single Family Residential District at 31.8% of zoned land. The purpose of this district is for one family dwellings, crop and tree farming, keeping of poultry and domestic livestock including horses, but not including hogs, goats or fur bearing animals Residential zoning covers 67.7% and open space 7.2%.
Where does Realmo's Brookfield market data come from?
Realmo compiles Brookfield, WI figures from 8 recent recorded sales, 41 active sale listings, 75 active lease listings, 885 tracked off-market properties, the current Brookfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 41 active for-sale and 75 active for-lease listings in Brookfield, 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: 17,445 zoned acres across 26 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
