Commercial Real Estate Market in Oconomowoc, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
18 active listings and 655 off-market properties in Oconomowoc, WI. Commercial property asks $80/SF to buy (based on 3 listings) and $17.97/SF/Yr to lease (based on 4 listings).
Market Trends
Oconomowoc, WI spans 103.2 square miles in Waukesha County, Wisconsin. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Oconomowoc, WI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Oconomowoc, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in Oconomowoc, WI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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
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 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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Oconomowoc?
How much does it cost to lease commercial space in Oconomowoc?
What zoning applies to commercial property in Oconomowoc?
Where does Realmo's Oconomowoc market data come from?
Methodology & data sources
- Asking prices and medians
- There are 11 active for-sale and 7 active for-lease listings in Oconomowoc, WI. The medians are based on 3 of the for-sale and 4 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.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
