Commercial Real Estate Market in Waunakee, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
140 active listings and 367 off-market properties in Waunakee, WI. Commercial property asks $824/SF to buy and $10.50/SF/Yr to lease.
Market Trends
Waunakee, WI spans 52.9 square miles in Dane County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Waunakee, 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 Waunakee, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Waunakee, 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 Waunakee, WI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Waunakee, WI has 20,729 residents in 8,323 households. Density runs 391 people per square mile. Median household income here is $114,542 and median gross rent $1,336 a month.
20,729
Population
8,323
Households
2.5
Avg Household Size
41
Median Age
58%
College-Educated
98%
High-School Grad
52.9 sq mi
ZIP Area
391
Density / Sq Mi
$114,542
Median Household Income
$63,700
Median Earnings
$1,336
Median Rent
$462,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Westport | — | — |
| Dane | — | — |
| Windsor | — | — |
| Maple Bluff | — | — |
Commercial property in Waunakee, WI asks $824/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Waunakee?
Commercial property in Waunakee, WI asks an average of $824 per square foot.
How much does it cost to lease commercial space in Waunakee?
Asking lease rates in Waunakee, WI average $10.50 per square foot per year.
Where does Realmo's Waunakee market data come from?
Realmo compiles Waunakee, WI figures from 6 recent recorded sales, 130 active sale listings, 10 active lease listings, 367 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 130 active for-sale and 10 active for-lease listings in Waunakee, 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.
- 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
