Commercial Real Estate Market in Wauwatosa, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
51 active listings and 868 off-market properties in Wauwatosa, WI. Commercial property asks $4/SF to buy and $18.30/SF/Yr to lease.
Market Trends
Wauwatosa, WI spans 25.7 square miles in Milwaukee County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Wauwatosa, WI asks $41/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Wauwatosa, WI asks $107/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Wauwatosa, 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 space in Wauwatosa, WI asks $91/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 51.7%
- Open space 18.2%
- Industrial 10.6%
- Mixed use 7.3%
- Civic 4.7%
- Planned_development 4.6%
- Commercial 0.4%
Largest Zones share of zoned land by district
Single Unit Residential 6
Parks And Open Space
Single Unit Residential 9
General Commercial
Two Unit Residential
Wauwatosa, WI zones 8,470 acres across 36 districts. Commercial zoning covers 0.4% of zoned land, residential 51.7%, open space 18.2% and industrial 10.6%. The largest single district is Single Unit Residential 6 at 28.7%. For commercial buyers the practical constraint is that only 11% of land carries a commercial or industrial designation.
Single Unit Residential 6 (R1-6)
The R1-6 districts are intended for low-density neighborhoods primarily characterized by detached houses, semi-detached, and two-unit houses on individual lots.
Market overview
Demographics & Economy
Wauwatosa, WI has 122,538 residents in 55,292 households. Density runs 4,768 people per square mile. Median household income here is $70,248 and median gross rent $1,140 a month.
122,538
Population
55,292
Households
2.2
Avg Household Size
35
Median Age
42%
College-Educated
94%
High-School Grad
25.7 sq mi
ZIP Area
4,768
Density / Sq Mi
$70,248
Median Household Income
$47,975
Median Earnings
$1,140
Median Rent
$225,978
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Milwaukee | — | $16.48 |
| West Milwaukee | — | — |
| West Allis | — | — |
| Shorewood | — | — |
Commercial property in Wauwatosa, WI asks $4/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wauwatosa?
Commercial property in Wauwatosa, WI asks an average of $4 per square foot. The 4 most recent recorded sales traded at a median of $227/SF. Retail carries the highest asking price at $107/SF.
How much does it cost to lease commercial space in Wauwatosa?
Asking lease rates in Wauwatosa, WI average $18.30 per square foot per year.
What zoning applies to commercial property in Wauwatosa?
Wauwatosa, WI zones 8,470 acres across 36 districts, of which 0.4% is commercial and 10.6% industrial. The largest single district is Single Unit Residential 6 at 28.7% of zoned land. The R1-6 districts are intended for low-density neighborhoods primarily characterized by detached houses, semi-detached, and two-unit houses on individual lots. Residential zoning covers 51.7% and open space 18.2%.
Where does Realmo's Wauwatosa market data come from?
Realmo compiles Wauwatosa, WI figures from 8 recent recorded sales, 20 active sale listings, 31 active lease listings, 868 tracked off-market properties, the current Wauwatosa zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 20 active for-sale and 31 active for-lease listings in Wauwatosa, 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: 8,470 zoned acres across 36 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
