Commercial Real Estate Market in Milwaukee, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
1,152 active listings and 14,726 off-market properties in Milwaukee, WI. Commercial property asks $94/SF to buy and $15.76/SF/Yr to lease. Office vacancy runs 24.7%, the loosest of the segments tracked here.
Market Trends
Milwaukee, WI spans 160.4 square miles in Milwaukee County, Wisconsin. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Milwaukee, WI has a median asking sale price of $74/SF. Vacancy runs 24.7% in 2025, up from 16.5% in 2019.
Retail
Retail space in Milwaukee, WI has a median asking sale price of $77/SF. Vacancy runs 7% in 2025, down from 8% in 2019. Nearly 1.4x the 2023 low of 5%.
Industrial
Industrial space in Milwaukee, WI has a median asking sale price of $68/SF. Vacancy runs 4.2% in 2025, little changed from 4.3% in 2019. Nearly 1.8x the 2022 low of 2.3%.
Multifamily
Multifamily space in Milwaukee, WI has a median asking sale price of $95/SF. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Market overview
Demographics & Economy
Milwaukee, WI has 805,414 residents in 366,900 households. Density runs 5,020 people per square mile. Median household income here is $61,238 and median gross rent $1,069 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Wauwatosa | $189 | $19.00 |
| West Allis | $158 | $13.33 |
| Shorewood | $205 | — |
| Greenfield | $146 | $17.25 |
Commercial property in Milwaukee, WI asks $94/SF. The 4 bordering markets run from $146/SF in Greenfield to $205/SF in Shorewood, and the city sits below their $174/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Milwaukee?
How much does it cost to lease commercial space in Milwaukee?
What is the office vacancy rate in Milwaukee?
Which property type has the lowest vacancy in Milwaukee?
How does Milwaukee compare to nearby markets on price?
Where does Realmo's Milwaukee market data come from?
Methodology & data sources
- Asking prices and medians
- There are 918 active for-sale and 234 active for-lease listings in Milwaukee, WI. The medians are based on 457 of the for-sale and 55 of the for-lease listings, those that state a price or rent per square foot. 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.
- 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
- multifamily 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
