Commercial Real Estate Market in New Richmond, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
42 active listings and 57 off-market properties in New Richmond, WI.
Market Trends
New Richmond, WI spans 139.3 square miles in St. Croix County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in New Richmond, 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 New Richmond, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in New Richmond, 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 New Richmond, WI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
New Richmond, WI has 19,816 residents in 7,807 households. Density runs 142 people per square mile. Median household income here is $99,804 and median gross rent $1,140 a month.
19,816
Population
7,807
Households
2.5
Avg Household Size
38
Median Age
34%
College-Educated
94%
High-School Grad
139.3 sq mi
ZIP Area
142
Density / Sq Mi
$99,804
Median Household Income
$53,382
Median Earnings
$1,140
Median Rent
$301,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| New Johannesburg | — | — |
| Star Prairie | — | — |
| Somerset | — | — |
| Deer Park | — | — |
Commercial property in New Richmond, WI asks $783/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in New Richmond?
Commercial property in New Richmond, WI asks an average of $783 per square foot.
Where does Realmo's New Richmond market data come from?
Realmo compiles New Richmond, WI figures from 7 recent recorded sales, 39 active sale listings, 3 active lease listings, 57 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 39 active for-sale and 3 active for-lease listings in New Richmond, 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
- 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
