Commercial Real Estate Market in Greendale, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
6 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 October 2026.
Office
Office vacancy in Greendale, WI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Greendale, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily space in Greendale, WI has a median asking sale price of $180/SF (based on 3 listings). Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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
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.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Greenfield | $146 | $17.25 |
| West Allis | $159 | $13.33 |
| Cudahy | $172 | — |
Commercial property in Greendale, WI asks $180/SF. The 3 bordering markets run from $146/SF in Greenfield to $172/SF in Cudahy, and the city sits above their $159/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Greendale?
How does Greendale compare to nearby markets on price?
What zoning applies to commercial property in Greendale?
Where does Realmo's Greendale market data come from?
Methodology & data sources
- Asking prices and medians
- There are 5 active for-sale and 1 active for-lease listings in Greendale, WI. The sale median is based on 3 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
