New Berlin, WI
Commercial Real Estate Market Trends & Data

$259 Avg asking sale price
$554 Avg asking lease rate
26,341 SF Avg unit lease size
58,525 SF Avg building size for sale
7.35% Average cap rate

New Berlin's Demographic Profile

New Berlin has 16,644 households and a median income of $91,900, providing context for rent absorption and tenant demand across retail and multifamily assets. A +1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 39,290
# Households 16,644
Median age 47
Median household income $91,900
Avg household size 2.0
Renter-occupied housing units 4,141
5-year population change +1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near New Berlin, WI

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
New Berlin $186 43,838 SF 8.00%
Hales Corners $289 22,149 SF 7.00%
West Allis $155 12,532 SF 5.60%
Greenfield $233 27,266 SF 8.00%
Nearby Retail Markets Avg Cost/SF Typical Size
New Berlin $266 78,505 SF
Elm Grove $128 19,430 SF
West Allis $141 78,487 SF
Greenfield $595 11,145 SF
Brookfield $176 24,827 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Wauwatosa $101 7,200 SF 7.20%
Milwaukee $128 31,209 SF 8.03%
Bay View $157 10,977 SF 6.56%
Delafield $351 14,346 SF 6.51%

Commercial Properties For Sale in New Berlin

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

1507 E Sunset Dr

Waukesha, WI 53189

  • 14,200 SF Office Building
  • 8.00% Cap Rate
  • $2,500,000
For Sale

16715 W Dakota St

New Berlin, WI 53151

  • 4,275 SF Industrial Building
  • $949,900
For Sale

19575 Janacek Ct

Brookfield, WI 53045

  • 9,764 SF Office Building
  • $449,000
For Sale

New Berlin City Center

New Berlin, WI

  • Retail Building
  • 8.07% Cap Rate
  • $4,338,730
For Sale

19355 W Bluemound Rd

Brookfield, WI 53045

  • 63,909 SF Retail Building
  • $10,995,000
For Sale

Restaurant Property W/ Drive Thru Option

Waukesha, WI 53186

  • 4,864 SF Retail Building
  • $1,750,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether New Berlin pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
New Berlin $259 58,525 SF
Hales Corners $205 22,149 SF
Elm Grove $128 19,430 SF
West Allis $158 47,859 SF
Greenfield $260 44,313 SF

Regional Demographic Comparison

This comparison places New Berlin alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in New Berlin or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
New Berlin 39,290 16,644 47 $91,900 2 4,141 1%
Hales Corners 7,216 3,168 44 $88,231 2 1,336 -3%
Elm Grove 6,568 2,484 47 $104,987 3 193 2%
West Allis 57,407 26,188 40 $62,757 2 12,281 -3%
Greenfield 36,000 16,507 43 $67,063 2 7,153 -2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in New Berlin, WI and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in New Berlin

View All Commercial Real Estate For Sale in New Berlin
Is New Berlin a good market for a first-time commercial real estate investor?

New Berlin offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in New Berlin?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in New Berlin. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in New Berlin?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for New Berlin. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does New Berlin compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to New Berlin. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for New Berlin acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in New Berlin, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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