Commercial Real Estate Market in Wauwatosa, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
69 active listings and 868 off-market properties in Wauwatosa, WI. Commercial property asks $189/SF to buy and $19.00/SF/Yr to lease (based on 5 listings).
Market Trends
Wauwatosa, WI spans 25.7 square miles in Milwaukee County, Wisconsin. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Wauwatosa, WI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Wauwatosa, WI has a median asking sale price of $138/SF (based on 3 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily space in Wauwatosa, WI has a median asking sale price of $195/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 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
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.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Milwaukee | $94 | $15.74 |
| West Allis | $158 | $13.33 |
| Shorewood | $205 | — |
| Greenfield | $146 | $17.25 |
Commercial property in Wauwatosa, WI asks $189/SF. The 4 bordering markets run from $94/SF in Milwaukee to $205/SF in Shorewood, and the city sits above their $152/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Wauwatosa?
How much does it cost to lease commercial space in Wauwatosa?
How does Wauwatosa compare to nearby markets on price?
What zoning applies to commercial property in Wauwatosa?
Where does Realmo's Wauwatosa market data come from?
Methodology & data sources
- Asking prices and medians
- There are 41 active for-sale and 28 active for-lease listings in Wauwatosa, WI. The medians are based on 19 of the for-sale and 5 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: 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 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
