Commercial Real Estate Market in Monona, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 278 off-market properties in Monona, WI. Commercial property asks $470/SF to buy and $21.00/SF/Yr to lease.
Market Trends
Monona, WI spans 20.8 square miles in Dane County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Monona, 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 Monona, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Monona, 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 vacancy in Monona, WI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 42%
- Planned_development 24.6%
- Agricultural 18.5%
- Commercial 6.3%
- Civic 4.1%
- Industrial 2%
Largest Zones share of zoned land by district
Single Family Residence
Community Design District
Conservancy
Public Facilities
Multifamily Residence
Single Family Residence (SF)
The Single Family Residence District is characterized by low density development of one family dwellings and accessory buildings. A one family dwelling is a building not attached to another dwelling or structure and occupied or intended to be occupied for residence purposes by one family, but not including trailers, tents or rooms in hotels, nursing homes or…
Market overview
Demographics & Economy
Monona, WI has 58,685 residents in 28,278 households. Density runs 2,824 people per square mile. Median household income here is $71,392 and median gross rent $1,216 a month.
58,685
Population
28,278
Households
2.1
Avg Household Size
37
Median Age
43%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
2,824
Density / Sq Mi
$71,392
Median Household Income
$43,308
Median Earnings
$1,216
Median Rent
$285,097
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mc Farland | — | — |
| Maple Bluff | — | — |
| Shorewood Hills | — | — |
| Fitchburg | — | $11.12 |
Commercial property in Monona, WI asks $470/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Monona?
Commercial property in Monona, WI asks an average of $470 per square foot.
How much does it cost to lease commercial space in Monona?
Asking lease rates in Monona, WI average $21.00 per square foot per year.
Where does Realmo's Monona market data come from?
Realmo compiles Monona, WI figures from 6 recent recorded sales, 8 active sale listings, 6 active lease listings, 278 tracked off-market properties, the current Monona zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 6 active for-lease listings in Monona, 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: 1,701 zoned acres across 10 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
