Madison, WI Commercial Real Estate for Lease and Sale

Explore 244 listings of Madison commercial real estate to find the best space for your business.

Old Sauk Trails Park - 8020 Excelsior Drive

8020 Excelsior Drive, Wexford Village, Madison, WI
Property

Office

74,954 SF
Availability

2 Spaces

19,784 SF
Year Built

2001
For Lease Contact for pricing
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Madison East Business Center - 5202 Eastpark Blvd

5202 Eastpark Blvd, North - East Park, Madison, WI
Property

Office

30,525 SF
Availability

1 Space

2,715 SF
Year Built

2007
For Lease Contact for pricing
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East Towne Retail Space

4261 Lien Rd, Mayfair Park, Madison, WI
Property

Other
Availability

1 Space

1,573 SF
For Lease Contact for pricing
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University Research Park - Park West II

440 Science Drive, Midvale Heights, Madison, WI
Property

Office

52,000 SF
Availability

1 Space

626 SF
Year Built

1993
For Lease

$15.50/SF/YR
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Office Coworking Retail Industrial

Office Retail Industrial Land
Class A Office Campus

6911 Mangrove Ln, Monona, Madison, WI
Property

Office
Availability

1 Space

31,000 SF
For Lease Contact for pricing
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Stoughton Road Commons For Lease

1910-1978 S Stoughton Road, Lake Edge, Madison, WI
Property

Retail
Availability

1 Space

6,000 SF
For Lease Contact for pricing
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WI, Madison - Heartland Trl
Regus
708 Heartland Trail, Madison, WI
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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10 West Mifflin

10 West Mifflin Street, Capitol, Madison, WI
Property

Office

45,368 SF
Availability

5 Spaces

38,371 SF
Year Built

2004
For Lease

$25.95 - $29.95/SF/YR
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Prime Beltline Area Office Space

2829 Royal Ave., Highland Manor, Madison, WI
Property

Office

20,707 SF
Availability

2 Spaces

6,900 SF
For Lease

$12.25/SF/YR
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East Towne Mall Redevelopment

43 East Towne Way Court, Mayfair Park, Madison, WI
Property

Retail

125,800 SF
For Sale

$3,500,000
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30 West Mifflin Street
The Progress Center for Black Women
30 West Mifflin Street #702, Madison, WI
Services

Open Workspace

Meeting Room
Amenities

Beverage services

Complimentary coffee & tea

High-speed wifi

Office supplies

Parking

Printer

Snacks
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2600 W Beltline Hwy

2600 W Beltline Hwy, Burr Oaks, Madison, WI
Property

Office

100,000 SF
Availability

1 Space

100,000 SF
Year Built

2016
For Lease

$21.00 - $23.00/SF/YR
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Professional Office Space

6417 Normandy Ln, Oakwood Village, Madison, WI
Property

Office

22,456 SF
Year Built

1994
For Sale

$1,690,000
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Office Space For Lease at High Point Office Park

559 D'onofrio Dr, Tamarack Trails - Wexford Ridge, Madison, WI
Property

Office
Availability

1 Space

2,964 SF
For Lease Contact for pricing
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Sauk Creek

Sauk Creek - Madison, Oakbridge, Madison, WI
Property

Retail

1,785 SF
Availability

1 Space

1,785 SF
For Lease Contact for pricing
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Oakbridge Retail Center

7940 - 7968 Tree Ln, Oakbridge, Madison, WI
Property

Retail

54,364 SF
Availability

1 Space

6,813 SF
For Lease

$15.00/SF/YR
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2009 W Beltline Hwy

2009 W Beltline Hwy, Leopold, Madison, WI
Property

Office

10,172 SF
Availability

1 Space

852 SF
Year Built

1980
For Lease

$1,137.00/MO
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6401 Cottage Grove Rd

6401 Cottage Grove Rd, Richmond Hill, Madison, WI
Property

Retail

3,000 SF
For Sale

$695,000
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4450 - 4462 Robertson Road

4450 - 4462 Robertson Road, Rolling Meadows, Madison, WI
Property

Industrial

10,200 SF
For Sale

$2,520,000
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5534 Medical Cir

5534 Medical Cir, Oakwood Village, Madison, WI
Property

Office

7,172 SF
For Sale

$975,000
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High Visibility Office Campus For Sale or Lease

313 Blettner Blvd, Eastmorland, Madison, WI
Property

Office

80,945 SF
Year Built

2000
For Sale

$8,080,000
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3818 John Wall Drive

3818 John Wall Drive, Westchester Gardens - Norman Acres, Madison, WI
Property

Industrial

48,800 SF
Availability

1 Space

12,200 SF
Year Built

2022
For Lease

$8.25 - $9.25/SF/YR
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702 West Main Street

702 W Main St, Monona Bay, Madison, WI
Property

Office

12,510 SF
Year Built

1964
For Sale

$1,900,000
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4702 Verona Rd, Southwest Madison Submarket

4702 Verona Rd, Orchard Ridge Club, Madison, WI
Property

Office

5,306 SF
Availability

1 Space

5,306 SF
Year Built

2015
For Lease Contact for pricing
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312 N 3rd St

312 N 3rd St, Emerson East, Madison, WI
Property

Office

890 SF
Availability

1 Space

890 SF
For Lease

$1,350.00/MO
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3517 W Beltline Hwy

3517 W Beltline Hwy, Arbor Hills, Madison, WI
Property

Industrial

55,614 SF
For Sale

$3,640,000
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Midwest Office Park

4785 Hayes Rd, Westchester Gardens - Norman Acres, Madison, WI
Property

Office

13,000 SF
Availability

7 Spaces

11,106 SF
For Lease

$13.95/SF/YR
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7818 Big Sky Drive

7818 Big Sky Dr, Tamarack Trails - Wexford Ridge, Madison, WI
Property

Office

32,020 SF
Availability

4 Spaces

2,162 SF
For Lease

$16.00/SF/YR
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6518 Milwaukee Street

6518 Milwaukee Street, McClellan Park, Madison, WI
Property

Retail

12,164 SF
Availability

2 Spaces

12,164 SF
Year Built

2022
For Lease

$24.00 - $26.00/SF/YR
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4 Terrace CT

4 Terrace CT, North - East Park, Madison, WI
Property

VacantLand

4.46 Acre
For Sale

$14/Acre
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Office Space For Lease at High Point Office Park

1 Point Pl, Tamarack Trails - Wexford Ridge, Madison, WI
Property

Office
Availability

1 Space

4,830 SF
Year Built

1994
For Lease Contact for pricing
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4166 Commercial Ave

4166 Commercial Ave, Burke Heights, Madison, WI
Property

Retail

9,140 SF
Availability

1 Space

6,000 SF
For Lease

$9.95/SF/YR
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Class A Office Suite Available

2921 Landmark Pl, Arbor Hills, Madison, WI
Property

Office
Availability

1 Space

7,047 SF
For Lease Contact for pricing
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4201 Monona Drive

4201 Monona Drive, Monona, WI
Property

Retail

4,798 SF
For Sale

$1,162,500
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The American Center 44

US 151 & I-39, Tenney - Lapham, Madison, WI
Property

VacantLand

3.54 Acre
For Sale

$544,500/Acre
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106 King St

106 King St, Capitol, Madison, WI
Property

Retail

4,950 SF
Availability

1 Space

4,950 SF
For Lease Contact for pricing
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1936 Tennyson Ln

1936 Tennyson Ln, Berkley Oaks - Majestic Oaks, Madison, WI
Property

Retail

62,000 SF
Availability

1 Space

10,000 SF
For Lease

$15.00 - $18.00/SF/YR
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New Development For Lease

125 W Mifflin Street, Capitol, Madison, WI
Property

Office
Availability

1 Space

200,000 SF
For Lease Contact for pricing
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Retail Space For Lease at Meadowood Shopping Center

5750 Raymond Rd, Meadowood, Madison, WI
Property

Retail
Availability

1 Space

8,122 SF
For Lease Contact for pricing
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Class A Office Space For lease

34 Schroeder Ct, Greentree, Madison, WI
Property

Office
Availability

1 Space

10,277 SF
Year Built

2008
For Lease Contact for pricing
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4906 Femrite Dr

4906 Femrite Dr, East Buckeye, Madison, WI
Property

Industrial

9,084 SF
Year Built

1983
For Sale

$979,000
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2012 Commercial Ave

2012 Commercial Ave, Sherman, Madison, WI
Property

Industrial

91,530 SF
Availability

1 Space

91,530 SF
For Lease

$5.95 - $13.50/SF/YR
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Office Space at High Point Office Park

567 D'onofrio Dr, Tamarack Trails - Wexford Ridge, Madison, WI
Property

Office
Availability

1 Space

3,880 SF
For Lease Contact for pricing
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The American Center P-42

US 151 & I-39, Tenney - Lapham, Madison, WI
Property

VacantLand
For Sale Contact for pricing
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2402 E Springs Dr

2402 E Springs Dr, Mayfair Park, Madison, WI
Property

Retail

3,520 SF
Availability

1 Space

3,520 SF
For Lease

$14.94/SF/YR
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Office Space For Lease at High Point Office Park

583 D'onofrio Dr, Tamarack Trails - Wexford Ridge, Madison, WI
Property

Office
Availability

1 Space

2,853 SF
Year Built

1985
For Lease Contact for pricing
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Downtown Office Building For Sale or Lease

214 N Hamilton Street, Capitol, Madison, WI
Property

Office
Availability

1 Space

1,835 SF
For Lease Contact for pricing
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Madison Office Suite Available

8517 Excelsior Dr, Wexford Village, Madison, WI
Property

Office
Availability

1 Space

2,754 SF
For Lease Contact for pricing
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5999 Monona Dr

5999 Monona Dr, Monona, WI
Property

Office

3,845 SF
For Sale

$530,000
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3140 Maple Valley Drive

3140 Maple Valley Dr, Maple - Prairie, Madison, WI
Property

Retail

2,541 SF
Year Built

2003
For Sale

$1,630,000
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115 E Main St

115 E Main St, Capitol, Madison, WI
Property

Retail

3,761 SF
For Sale

$1,850,000
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5902 Raymond Rd

5902 Raymond Rd, Meadowood, Madison, WI
Property

Office

5,230 SF
Availability

1 Space

5,230 SF
For Lease

$10.32/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Madison commercial real estate market incorporates 4,732,167 square feet of office space across 142 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Madison, the coworking segment of the commercial real estate market incorporates about 839 square feet.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Madison commercial real estate market includes 1,207,568 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Madison market, there is a total of 1,264,066 square feet of industrial property.

The listing inventory in Madison incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Madison is represented by Office space, which accounts for 1,759,915 square feet of available listings. Industrial space available in Madison adds up to 636,850 square feet.

Meanwhile, most of the listings of commercial property for sale in Madison are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Madison is $15.97 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Madison can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $23.5 per square foot, industrial space in Madison saw average rents of $8.19 per square foot.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Madison, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Madison is in the Capitol neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Capitol area.

Meanwhile, retail space opportunities are most abundant in the Mayfair Park submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in East Buckeye.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $31.95 per square foot. In particular, the property type commanding the highest lease rates in Madison was Retail space.

Conversely, the highest sale price last year was $2,970,000, which was paid for the Office property that is located at 5303 Fen Oak Drive. The property was built in 2001, incorporates 33,495 square feet, and is rated Class B.

The average size of a commercial property in Madison depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Madison, the average size of an office property is 46,854 square feet.
Retail properties here incorporate an average of 26,252 square feet.
Industrial space in Madison is in buildings that are, on average 39,503 square feet in size.

Madison, WI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Madison currently add up to 3,517,760 square feet. The market offers 127 active office listing(s), which amount to 1,727,626 square feet and account for 64% of commercial spaces on the market. Local retail availability includes 198,791 square feet across 43 retail space(s). Industrial space for rent opportunities in Madison amount to 631,450 square feet across a total of 24 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	127	1,727,626
Retail	43	198,791
Industrial	24	631,450
Other	2	959,893

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Madison, WI. Currently, there is 934,963 square feet of commercial property for sale here , which includes 16 office building(s) for sale , 10 retail investment opportunity listing(s) , and 9 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	16	404,196
Retail	10	174,167
Industrial	9	316,766
Other	21	39,834

Madison, WI Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Madison, WI?

What factors affect the price of commercial real estate in Madison, WI?

What is the average rent for commercial space in Madison, WI?

What are the best areas for commercial real estate in Madison, WI?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Madison, WI?

Madison, WI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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