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paradigmre.com • info@paradigmre.com
paradigmre.com • info@paradigmre.com
MARKET UPDATE • Q1 2026
Washington County Industrial
Major growth pipeline anchors the region’s most active construction market
4.1%
Vacancy
â–¼ 30 bps YoY
$6.60
Avg Rent NNN
â–² 5.6% YoY
32.6M
SF Inventory
521 buildings
605K
SF Under Const.
Largest pipeline in region
Washington vs. Southeast Wisconsin
— Washington leads the region in active construction
UNDER CONSTRUCTION (SF)
WASHINGTON605K
Waukesha537K
Kenosha445K
Milwaukee288K
Walworth130K
Sheboygan103K
Ozaukee—
Racine—
VACANCY RATE
Walworth1.3%
Sheboygan1.7%
Waukesha2.5%
WASHINGTON4.1%
Ozaukee5.8%
Milwaukee7.0%
Racine8.9%
Kenosha10.0%
Notable Recent Sales
— Three Washington County industrial transactions, Q1 2026
| Property | City | SF | Sale Price | $ / SF | Closed |
|---|---|---|---|---|---|
| 3801 Decorah Rd Sale-Leaseback | West Bend | 176,491 | $10,300,000 | $58.36 | Apr ’26 |
| 2340 Richfield Pkwy | Richfield | 28,900 | $3,000,000 | $103.81 | Mar ’26 |
| N114 W18697 Clinton Dr | Germantown | 11,250 | $1,165,000 | $103.56 | Jan ’26 |
★ PARADIGM LISTING SPOTLIGHT
UNDER CONTRACT
W209 N17500 Industrial Dr., Jackson, WI
Class A industrial facility on 11.9 acres — tall ceilings, ample loading, and heavy power. Building is expandable by 96,533 SF and a rail spur is possible. Listed for Sale or Lease by PARADIGM Real Estate; currently under contract.
BUILDING SF
88,778
LAND
11.9 AC
ZONING
M-1
5-Quarter Trend
— Vacancy easing while rents hold above $6.50
VACANCY RATE
AVG ASKING RENT (NNN)
What We’re Watching
— Capital events and demand drivers for Q2
ID Logistics / Nutrabolt Lease
A 375,000 SF lease at the Omega Hills Business Park in Germantown — one of the largest industrial deals of early 2026 — pulls a recently completed F Street spec warehouse off the market. Nutrabolt (C4 Energy) will use the building for warehousing and distribution.
Server Products West Bend Campus
West Bend’s Common Council unanimously approved an 11-acre sale to Server Products. The Richfield-based manufacturer plans a 32.8-acre campus combining manufacturing, office, and distribution space.
Construction Pipeline Leads Region
At 605,140 SF underway, Washington County leads Southeast Wisconsin in active industrial construction — ahead of Waukesha (537K) and Kenosha (445K). Look for absorption traction as new product delivers.