Commercial Real Estate Market in Elm Grove, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
11 active listings and 90 off-market properties in Elm Grove, WI.
Market Trends
Elm Grove, WI spans 3.3 square miles in Waukesha County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Elm Grove, 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 Elm Grove, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Elm Grove, 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 Elm Grove, WI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Elm Grove, WI has 6,578 residents in 2,335 households. Density runs 2,013 people per square mile. Median household income here is $133,036 and median gross rent $1,788 a month.
6,578
Population
2,335
Households
2.8
Avg Household Size
46
Median Age
67%
College-Educated
99%
High-School Grad
3.3 sq mi
ZIP Area
2,013
Density / Sq Mi
$133,036
Median Household Income
$71,862
Median Earnings
$1,788
Median Rent
$470,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Brookfield | — | $18.98 |
| Greenfield | — | $20.92 |
| West Allis | — | — |
| Butler | — | — |
Commercial property in Elm Grove, WI asks $217/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Elm Grove?
Commercial property in Elm Grove, WI asks an average of $217 per square foot.
Where does Realmo's Elm Grove market data come from?
Realmo compiles Elm Grove, WI figures from 7 recent recorded sales, 7 active sale listings, 4 active lease listings, 90 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 4 active for-lease listings in Elm Grove, 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.
- 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
