Commercial Real Estate Market in Greendale, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 135 off-market properties in Greendale, WI.
Market Trends
Greendale, WI spans 5.1 square miles in Milwaukee County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Greendale, WI asks $41/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Greendale, WI asks $107/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Greendale, 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 Greendale, WI asks $91/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 53%
- Open space 30.4%
- Agricultural 9.7%
- Commercial 4%
- Industrial 1.7%
- Civic 1.1%
- Mixed use 0%
- Special 0%
Largest Zones share of zoned land by district
Park
Single Family Residence
Single Family Residence
Agriculture
Single Family Residence
Greendale, WI zones 2,977 acres across 18 districts. Commercial zoning covers 4% of zoned land, residential 53%, open space 30.4% and industrial 1.7%. The largest single district is Park at 30.2%. For commercial buyers the practical constraint is that only 5.7% of land carries a commercial or industrial designation.
Agriculture (A)
Annexed territory. Any additional areas annexed to the Village shall be automatically classified in the A Agriculture District at the time of annexation. They may be reclassified to another district or districts in accordance with procedures set forth in § 62.23(7)(d) , Wis. Stats. (5) Exemptions. The regulations of this chapter shall not specify or regulate…
Market overview
Demographics & Economy
Greendale, WI has 14,793 residents in 6,046 households. Density runs 2,872 people per square mile. Median household income here is $95,412 and median gross rent $1,177 a month.
14,793
Population
6,046
Households
2.4
Avg Household Size
44
Median Age
49%
College-Educated
96%
High-School Grad
5.1 sq mi
ZIP Area
2,872
Density / Sq Mi
$95,412
Median Household Income
$55,956
Median Earnings
$1,177
Median Rent
$288,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hales Corners | — | — |
| Seneca Corners | — | — |
| Franklin | — | $9.99 |
| Greenfield | — | $20.92 |
Commercial property in Greendale, WI asks $1,883/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Greendale?
Commercial property in Greendale, WI asks an average of $1,883 per square foot. Retail carries the highest asking price at $107/SF.
What zoning applies to commercial property in Greendale?
Greendale, WI zones 2,977 acres across 18 districts, of which 4% is commercial and 1.7% industrial. The largest single district is Park at 30.2% of zoned land. Residential zoning covers 53% and open space 30.4%.
Where does Realmo's Greendale market data come from?
Realmo compiles Greendale, WI figures from 6 recent recorded sales, 5 active sale listings, 2 active lease listings, 135 tracked off-market properties, the current Greendale zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 2 active for-lease listings in Greendale, 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: 2,977 zoned acres across 18 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
