Commercial Real Estate Market in Waukesha, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
76 active listings and 2,300 off-market properties in Waukesha, WI. Commercial property asks $183/SF to buy and $12.00/SF/Yr to lease (based on 6 listings).
Market Trends
Waukesha, WI spans 87.2 square miles in Waukesha County, Wisconsin. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Waukesha, WI has a median asking sale price of $175/SF (based on 3 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Waukesha, 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 Waukesha, 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 Waukesha, 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 35.2%
- Planned_development 16.4%
- Industrial 14.2%
- Open space 9.6%
- Civic 9.2%
- Commercial 5.7%
- Special 3.7%
- Mixed use 0.6%
Largest Zones share of zoned land by district
To provide for single family residential development at densities not to exceed 5.5 dwelling units per net acre
Market overview
Demographics & Economy
Waukesha, WI has 94,730 residents in 40,212 households. Density runs 1,086 people per square mile. Median household income here is $91,197 and median gross rent $1,208 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Greenfield | $146 | $17.25 |
| Brookfield | $97 | $17.98 |
| West Allis | $158 | $13.33 |
Commercial property in Waukesha, WI asks $183/SF. The 3 bordering markets run from $97/SF in Brookfield to $158/SF in West Allis, and the city sits above their $146/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Waukesha?
How much does it cost to lease commercial space in Waukesha?
How does Waukesha compare to nearby markets on price?
Where does Realmo's Waukesha market data come from?
Methodology & data sources
- Asking prices and medians
- There are 33 active for-sale and 43 active for-lease listings in Waukesha, WI. The medians are based on 18 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: 13,745 zoned acres across 38 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
