Commercial Real Estate Market in Oconomowoc, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
62 active listings and 656 off-market properties in Oconomowoc, WI. Commercial property asks $43/SF to buy and $23.07/SF/Yr to lease.
Market Trends
Oconomowoc, WI spans 103.2 square miles in Waukesha County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Oconomowoc, 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 Oconomowoc, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Oconomowoc, 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 Oconomowoc, 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 61.6%
- Civic 15.3%
- Commercial 11.9%
- Industrial 10.1%
- Mixed use 1.2%
Largest Zones share of zoned land by district
Suburban Residential
Institutional Public
Urban Reserve
Traditional Residential
General Commercial
Oconomowoc, WI zones 7,527 acres across 13 districts. Commercial zoning covers 11.9% of zoned land, residential 61.6% and industrial 10.1%. The largest single district is Suburban Residential at 32.3%. For commercial buyers the practical constraint is that only 22% of land carries a commercial or industrial designation.
Institutional Public (IP)
Institutional / Public IP Urban Park UP Section 17.103 Incorporation of Zoning District Map The location and boundaries of the zoning districts are hereby established as shown on the map entitled “Official Zoning Map” on file in the office of the Zoning Administrator. The Official Zoning Map, together with all information shown thereon and all amendments the…
Market overview
Demographics & Economy
Oconomowoc, WI has 36,595 residents in 16,074 households. Density runs 355 people per square mile. Median household income here is $111,348 and median gross rent $1,263 a month.
36,595
Population
16,074
Households
2.3
Avg Household Size
45
Median Age
47%
College-Educated
97%
High-School Grad
103.2 sq mi
ZIP Area
355
Density / Sq Mi
$111,348
Median Household Income
$55,563
Median Earnings
$1,263
Median Rent
$402,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Okauchee | — | — |
| Nashotah | — | — |
| Chenequa | — | — |
| Delafield | — | — |
Commercial property in Oconomowoc, WI asks $43/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Oconomowoc?
Commercial property in Oconomowoc, WI asks an average of $43 per square foot.
How much does it cost to lease commercial space in Oconomowoc?
Asking lease rates in Oconomowoc, WI average $23.07 per square foot per year.
What zoning applies to commercial property in Oconomowoc?
Oconomowoc, WI zones 7,527 acres across 13 districts, of which 11.9% is commercial and 10.1% industrial. The largest single district is Suburban Residential at 32.3% of zoned land. Residential zoning covers 61.6% and open space 0%.
Where does Realmo's Oconomowoc market data come from?
Realmo compiles Oconomowoc, WI figures from 7 recent recorded sales, 52 active sale listings, 10 active lease listings, 656 tracked off-market properties, the current Oconomowoc zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 52 active for-sale and 10 active for-lease listings in Oconomowoc, 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: 7,527 zoned acres across 13 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
