Commercial Real Estate Market in Watertown, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
19 active listings and 857 off-market properties in Watertown, WI.
Market Trends
Watertown, WI spans 190.5 square miles in Jefferson County, Wisconsin. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Watertown, WI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Watertown, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in Watertown, WI 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 56.7%
- Industrial 21.7%
- Civic 14.5%
- Commercial 7.2%
Largest Zones share of zoned land by district
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.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Watertown?
What zoning applies to commercial property in Watertown?
Where does Realmo's Watertown market data come from?
Methodology & data sources
- Asking prices and medians
- There are 14 active for-sale and 5 active for-lease listings in Watertown, WI. The sale median is based on 9 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: 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 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
