Historic Third Ward Office Space

Historic Third Ward

Market Report

Number of Listings
Posted in the last 90 days
7
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
2,850

Historic Third Ward Rates

On average, listings lease in the $30's per square foot per year. The Historic Third Ward region is going through a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 12% increase in rent.

Compared to the rest of the Milwaukee market, the Historic Third Ward submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.

Historic Third Ward Listing Supply

In the last 90 days, 146 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the listings in the Historic Third Ward are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 2,850 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 5 stories. Most buildings in this market were built in 1906 and are Class A.

Historic Third Ward Community

A large portion of this area is residential, but there's plenty of office_space. Utilities is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Historic Third Ward folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Historic Third Ward.
Research