Commercial Real Estate Market in Hobart, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 28 off-market properties in Hobart, WI.
Market Trends
Hobart, WI spans 212.1 square miles in Brown County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hobart, 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 Hobart, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hobart, 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 Hobart, WI asks $165/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
- Industrial 49.9%
- Agricultural 21.6%
- Residential 19.1%
- Commercial 5%
- Planned_development 3.7%
- Civic 0.9%
Largest Zones share of zoned land by district
Agricultural District
Exclusive Agricultural District
Residential District
Limited Industrial District
Residential District
Hobart, WI zones 19,850 acres across 19 districts. Commercial zoning covers 5% of zoned land, residential 19.1% and industrial 49.9%. The largest single district is Agricultural District at 43%. For commercial buyers the practical constraint is that only 54.8% of land carries a commercial or industrial designation.
Limited Industrial District (I-1)
Height regulations. § 295-252 Building setbacks. § 295-253 Building size. § 295-254 Accessory building. § 295-255 Parking. § 295-256 Signs. § 295-257 Site review requirements. § 295-258 Other requirements. Article XXIII I-1 Limited Industrial District § 295-259 Permitted uses. § 295-260 Permitted accessory uses. § 295-261 Conditional uses. § 295-262 Lot requ…
Market overview
Demographics & Economy
Hobart, WI has 96,474 residents in 39,510 households. Density runs 455 people per square mile. Median household income here is $99,335 and median gross rent $1,093 a month.
96,474
Population
39,510
Households
2.4
Avg Household Size
39
Median Age
41%
College-Educated
97%
High-School Grad
212.1 sq mi
ZIP Area
455
Density / Sq Mi
$99,335
Median Household Income
$50,431
Median Earnings
$1,093
Median Rent
$305,235
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Oneida | — | — |
| Ashwaubenon | — | — |
| Howard | — | — |
| De Pere | — | — |
Commercial property in Hobart, WI asks $15/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hobart?
Commercial property in Hobart, WI asks an average of $15 per square foot. Multifamily carries the highest asking price at $165/SF.
What zoning applies to commercial property in Hobart?
Hobart, WI zones 19,850 acres across 19 districts, of which 5% is commercial and 49.9% industrial. The largest single district is Agricultural District at 43% of zoned land. Residential zoning covers 19.1% and open space 0%.
Where does Realmo's Hobart market data come from?
Realmo compiles Hobart, WI figures from 4 active sale listings, 28 tracked off-market properties, the current Hobart zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Hobart, 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: 19,850 zoned acres across 19 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
