2023 Office Space Rent & Sales
- $20.96 2023 Avg. Asking Rent
- -1.83% Y-o-Y Avg. Asking Rent Change
- 19.01% 2023 Office Vacancy Rate
Wauwatosa office price per square foot in 2023 was $20.96 on average. This marked a -1.83% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 19.01% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Wisconsin Class A & A+ Office Space$26.13
- Wisconsin Class B Office Space$20.38
- Wisconsin Class C Office Space$22.14
Wauwatosa, WI Office Asking Rents by Class
Office Spaces for Rent in Wisconsin
Coworking Spaces in Wisconsin
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2023 Office Construction in Wauwatosa, WI
| Office building | Address | SF | Completed |
|---|---|---|---|
| Innovation One - 1401 Discovery Pkwy | 1401 Discovery Pkwy, 53226 | 70,357 | 2022 |
| Muir Woods Research & Technology Center | 10401 West Innovation Drive, 53226 | 85,278 | 2019 |
| Milwaukee County Research Park - Meadowland Research & Technology Center | 10100 West Innovation Drive, 53226 | 155,000 | 2016 |
| 1425 Discovery Pkwy | 1425 Discovery Pkwy, 53226 | 91,007 | 2014 |
| 1425 Discovery Pkwy | 1425 Discovery Pkwy, 53226 | 91,007 | 2014 |
| Mayfair Woods Business & Technology Center | 10700 West Research Drive, 53226 | 163,350 | 2007 |
| 9900 West Innovation Drive | 9900 West Innovation Drive, 53226 | 506,195 | 2006 |
| Oakwood Center | 10361 Innovation Drive, 53226 | 67,240 | 2001 |
| 10001 West Innovation Drive | 10001 West Innovation Drive, 53226 | 52,446 | 2001 |
| Milwaukee County Research Park - 10000 Innovation Drive | 10000 Innovation Drive, 53226 | 203,831 | 1999 |
Worth noting among recent office completions on the Wauwatosa market is Innovation One - 1401 Discovery Pkwy, which is currently the largest new office development in the city, at 70,357 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Wauwatosa commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.