Commercial Real Estate Market in Verona, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
156 active listings and 618 off-market properties in Verona, WI. Commercial property asks $725/SF to buy and $14.12/SF/Yr to lease.
Market Trends
Verona, WI spans 76.2 square miles in Dane County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Verona, 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 Verona, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Verona, 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 Verona, 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 30.1%
- Civic 23.8%
- Industrial 22.7%
- Agricultural 17.5%
- Commercial 5.7%
- Planned_development 0.1%
Largest Zones share of zoned land by district
Neighborhood Residential District
Suburban Industrial District
Rural Agricultural District
Public Institutional District
Public Institutional District
Public Institutional District (PI2)
The purpose of PI2 zone is to provide and preserve areas for the development of nonresidential public and institutional uses
Market overview
Demographics & Economy
Verona, WI has 28,232 residents in 12,583 households. Density runs 371 people per square mile. Median household income here is $135,699 and median gross rent $1,530 a month.
28,232
Population
12,583
Households
2.2
Avg Household Size
37
Median Age
68%
College-Educated
99%
High-School Grad
76.2 sq mi
ZIP Area
371
Density / Sq Mi
$135,699
Median Household Income
$74,356
Median Earnings
$1,530
Median Rent
$464,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fitchburg | — | $11.12 |
| Shorewood Hills | — | — |
| Middleton | — | $13.69 |
| Madison | — | $15.85 |
Commercial property in Verona, WI asks $725/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Verona?
Commercial property in Verona, WI asks an average of $725 per square foot.
How much does it cost to lease commercial space in Verona?
Asking lease rates in Verona, WI average $14.12 per square foot per year.
Where does Realmo's Verona market data come from?
Realmo compiles Verona, WI figures from 7 recent recorded sales, 143 active sale listings, 13 active lease listings, 618 tracked off-market properties, the current Verona zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 143 active for-sale and 13 active for-lease listings in Verona, 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: 4,131 zoned acres across 15 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
