Commercial Real Estate Market in Watertown, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
54 active listings and 858 off-market properties in Watertown, WI. Commercial property asks $14/SF to buy and $9.47/SF/Yr to lease.
Market Trends
Watertown, WI spans 190.5 square miles in Jefferson County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Watertown, 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 Watertown, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Watertown, 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 Watertown, 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 56.7%
- Industrial 21.7%
- Civic 14.5%
- Commercial 7.2%
Largest Zones share of zoned land by district
Single Family Residential 4
Two Family Residential 6
General Industrial
Rural Holding
Planned Office And Institutional
Watertown, WI zones 6,617 acres across 15 districts. Commercial zoning covers 7.2% of zoned land, residential 56.7% and industrial 21.7%. The largest single district is Single Family Residential 4 at 33.3%. For commercial buyers the practical constraint is that only 28.9% of land carries a commercial or industrial designation.
Two Family Residential 6 (TR-6)
Rural Holding (RH) District. § 550-22 Countryside Residential (CR-10ac) District. § 550-23 Exurban Residential-1 (ER-1) District. § 550-24 Single-Family Residential-4 (SR-4) District. § 550-25 Two-Family Residential-6 (TR-6) District. § 550-26 Multifamily Residential-8 (MR-8) District. § 550-27 Multifamily Residential-10 (MR-10) District. § 550-28 Senior Res…
Market overview
Demographics & Economy
Watertown, WI has 30,072 residents in 12,140 households. Density runs 158 people per square mile. Median household income here is $72,424 and median gross rent $1,062 a month.
30,072
Population
12,140
Households
2.5
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
190.5 sq mi
ZIP Area
158
Density / Sq Mi
$72,424
Median Household Income
$38,936
Median Earnings
$1,062
Median Rent
$229,975
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ixonia | — | — |
| Lebanon | — | — |
| Clyman | — | — |
| Johnson Creek | — | — |
Commercial property in Watertown, WI asks $14/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Watertown?
Commercial property in Watertown, WI asks an average of $14 per square foot.
How much does it cost to lease commercial space in Watertown?
Asking lease rates in Watertown, WI average $9.47 per square foot per year.
What zoning applies to commercial property in Watertown?
Watertown, WI zones 6,617 acres across 15 districts, of which 7.2% is commercial and 21.7% industrial. The largest single district is Single Family Residential 4 at 33.3% of zoned land. Residential zoning covers 56.7% and open space 0%.
Where does Realmo's Watertown market data come from?
Realmo compiles Watertown, WI figures from 8 recent recorded sales, 48 active sale listings, 6 active lease listings, 858 tracked off-market properties, the current Watertown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 48 active for-sale and 6 active for-lease listings in Watertown, 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: 6,617 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
