Commercial Real Estate Market in Milwaukee, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1,141 active listings and 14,726 off-market properties in Milwaukee, WI. Commercial property asks $55/SF to buy and $16.48/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 August 2026.
Office
Office space in Milwaukee, WI asks $41/SF to buy. Vacancy runs 24.7% in 2025, up from 16.5% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate %
Retail
Retail space in Milwaukee, WI asks $107/SF to buy. Vacancy runs 7% in 2025, down from 8% in 2019. Nearly 1.4x the 2023 low of 5%.
Average Sale Price $/SF
Listings
Vacancy Rate %
Industrial
Industrial vacancy in Milwaukee, WI runs 4.2% in 2025, little changed from 4.3% in 2019. Nearly 1.8x the 2022 low of 2.3%.
Vacancy Rate %
Multifamily
Multifamily space in Milwaukee, 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
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.
805,414
Population
366,900
Households
2.2
Avg Household Size
35
Median Age
32%
College-Educated
88%
High-School Grad
160.4 sq mi
ZIP Area
5,020
Density / Sq Mi
$61,238
Median Household Income
$42,094
Median Earnings
$1,069
Median Rent
$203,888
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wauwatosa | — | $18.30 |
| West Milwaukee | — | — |
| West Allis | — | — |
| Shorewood | — | — |
Commercial property in Milwaukee, WI asks $55/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Milwaukee?
Commercial property in Milwaukee, WI asks an average of $55 per square foot. The 8 most recent recorded sales traded at a median of $97/SF. Retail carries the highest asking price at $107/SF.
How much does it cost to lease commercial space in Milwaukee?
Asking lease rates in Milwaukee, WI average $16.48 per square foot per year.
What is the office vacancy rate in Milwaukee?
Office vacancy in Milwaukee, WI is 24.7% as of 2025, up from 16.5% in 2019. That is the highest in the 7-year series. Retail vacancy is 7%, below Office vacancy.
Which property type has the lowest vacancy in Milwaukee?
Industrial has the lowest vacancy in Milwaukee, WI at 4.2%, inside a 2.3–4.7% band since 2019. For comparison: office 24.7%, retail 7% and multifamily 8% (Midwest).
Where does Realmo's Milwaukee market data come from?
Realmo compiles Milwaukee, WI figures from 8 recent recorded sales, 921 active sale listings, 220 active lease listings, 14,726 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 921 active for-sale and 220 active for-lease listings in Milwaukee, 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
- 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 August 2026 · report a data issue
