Commercial Real Estate Market in Phillips, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
21 active listings and 317 off-market properties in Phillips, WI.
Market Trends
Phillips, WI spans 364.2 square miles in Price County, Wisconsin. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Phillips, WI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Phillips, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Phillips, 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 space in Phillips, WI has a median asking sale price of $93/SF (based on 3 listings). Vacancy 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
- Industrial 50.1%
- Residential 35.7%
- Commercial 9.2%
Largest Zones share of zoned land by district
Phillips, WI zones 1,677 acres across 7 districts. Commercial zoning covers 9.2% of zoned land, residential 35.7% and industrial 50.1%. The largest single district is Single Family Residential at 33%. For commercial buyers the practical constraint is that only 59.3% of land carries a commercial or industrial designation.
This district provides for one family and 2 family year round residential development protected from traffic hazards and the intrusion of incompatible land uses, is intended to encourage such development around existing residential areas where soil conditions are suitable for such development and in those areas which can be economically and readily served by…
Market overview
Demographics & Economy
Phillips, WI has 4,887 residents in 3,553 households. Density runs 13 people per square mile. Median household income here is $58,613 and median gross rent $836 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Phillips?
What zoning applies to commercial property in Phillips?
Where does Realmo's Phillips market data come from?
Methodology & data sources
- Asking prices and medians
- There are 21 active for-sale and 0 active for-lease listings in Phillips, WI. The sale median is based on 8 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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: 1,677 zoned acres across 7 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
