Commercial Real Estate Market in Colby, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 149 off-market properties in Colby, WI.
Market Trends
Colby, WI spans 69.9 square miles in Clark County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Colby, 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 Colby, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Colby, 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 Colby, 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 44%
- Industrial 34.8%
- Commercial 21.2%
Largest Zones share of zoned land by district
One And Two Family Residential
General Industrial District
General Commercial District
Multifamily Residential
General Light Industrial District
Colby, WI zones 910 acres across 7 districts. Commercial zoning covers 21.2% of zoned land, residential 44% and industrial 34.8%. The largest single district is One And Two Family Residential at 40.4%. For commercial buyers the practical constraint is that only 56% of land carries a commercial or industrial designation.
One And Two Family Residential (R1)
The R-1 District is intended to provide a quiet, spacious living neighborhood in which residents are protected from hazards such as fire and nuisances such as noise, odors, vibration, congestion, environmental and aesthetic degradation
Market overview
Demographics & Economy
Colby, WI has 3,651 residents in 1,291 households. Density runs 52 people per square mile. Median household income here is $59,738 and median gross rent $820 a month.
3,651
Population
1,291
Households
2.8
Avg Household Size
38
Median Age
14%
College-Educated
83%
High-School Grad
69.9 sq mi
ZIP Area
52
Density / Sq Mi
$59,738
Median Household Income
$41,927
Median Earnings
$820
Median Rent
$178,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Abbotsford | — | — |
| Unity | — | — |
| Dorchester | — | — |
| Curtiss | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Colby?
Colby, WI zones 910 acres across 7 districts, of which 21.2% is commercial and 34.8% industrial. The largest single district is One And Two Family Residential at 40.4% of zoned land. The R-1 District is intended to provide a quiet, spacious living neighborhood in which residents are protected from hazards such as fire and nuisances such as noise, odors, vibration, congestion, environmental and aesthetic degradation Residential zoning covers 44% and open space 0%.
Where does Realmo's Colby market data come from?
Realmo compiles Colby, WI figures from 6 recent recorded sales, 1 active sale listings, 149 tracked off-market properties, the current Colby zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Colby, 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: 910 zoned acres across 7 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
