Commercial Real Estate Market in Pewaukee, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
41 active listings and 596 off-market properties in Pewaukee, WI. Commercial property asks $42/SF to buy and $17.89/SF/Yr to lease.
Market Trends
Pewaukee, WI spans 29.8 square miles in Waukesha County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Pewaukee, 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 Pewaukee, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Pewaukee, 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 Pewaukee, 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 37.4%
- Open space 18.9%
- Agricultural 18.7%
- Industrial 10.1%
- Civic 4.3%
- Mixed use 3.1%
- Commercial 2.7%
Largest Zones share of zoned land by district
Floodland Approximate
Single Family Residential
Lowland Conservancy
Single Family Residential
Single Family Residential
Market overview
Demographics & Economy
Pewaukee, WI has 26,687 residents in 12,594 households. Density runs 895 people per square mile. Median household income here is $97,434 and median gross rent $1,352 a month.
26,687
Population
12,594
Households
2.1
Avg Household Size
45
Median Age
53%
College-Educated
98%
High-School Grad
29.8 sq mi
ZIP Area
895
Density / Sq Mi
$97,434
Median Household Income
$61,762
Median Earnings
$1,352
Median Rent
$424,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sussex | — | — |
| Merton | — | — |
| Lisbon | — | — |
| Hartland | — | — |
Commercial property in Pewaukee, WI asks $42/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Pewaukee?
Commercial property in Pewaukee, WI asks an average of $42 per square foot.
How much does it cost to lease commercial space in Pewaukee?
Asking lease rates in Pewaukee, WI average $17.89 per square foot per year.
Where does Realmo's Pewaukee market data come from?
Realmo compiles Pewaukee, WI figures from 8 recent recorded sales, 16 active sale listings, 25 active lease listings, 596 tracked off-market properties, the current Pewaukee zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 25 active for-lease listings in Pewaukee, 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: 13,674 zoned acres across 31 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
