Commercial Real Estate Market in Vernon, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
77 active listings and 2,301 off-market properties in Vernon, WI. Commercial property asks $177/SF to buy and $12.00/SF/Yr to lease (based on 6 listings).
Market Trends
Vernon, WI spans 39.4 square miles in Waukesha County, Wisconsin. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Vernon, WI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Vernon, WI has a median asking sale price of $208/SF (based on 3 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Vernon, 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 Vernon, WI has a median asking sale price of $177/SF. 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
- Residential 73.4%
- Agricultural 18.9%
- Civic 3.7%
- Commercial 0.7%
- Mixed use 0.2%
- Industrial 0.1%
Largest Zones share of zoned land by district
Vernon, WI zones 18,814 acres across 18 districts. Commercial zoning covers 0.7% of zoned land, residential 73.4% and industrial 0.1%. The largest single district is High Groundwater Overlay District at 22.5%. For commercial buyers the practical constraint is that only 0.8% of land carries a commercial or industrial designation.
The intent of this district is to preserve and maintain agricultural or open space uses on lands suited for such purposes. These lands are generally poorly suited for urban or suburban development, while lands outside of wetlands are typically better suited for some type of agricultural use. In this district structures related to farm operations, including e…
Market overview
Demographics & Economy
Vernon, WI has 67,884 residents in 29,769 households. Density runs 1,723 people per square mile. Median household income here is $81,959 and median gross rent $1,209 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Vernon?
How much does it cost to lease commercial space in Vernon?
What zoning applies to commercial property in Vernon?
Where does Realmo's Vernon market data come from?
Methodology & data sources
- Asking prices and medians
- There are 35 active for-sale and 42 active for-lease listings in Vernon, WI. The medians are based on 17 of the for-sale and 6 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: 18,814 zoned acres across 18 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
