On average, listings lease in the $20's per square foot per year. The Downtown Milwaukee region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the Milwaukee market, the Downtown Milwaukee region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 652 listings have been listed, so you'll want to check back regularly for new listings. About 8% of the available space in the Downtown Milwaukee are subleases, so you will probably have to focus your search on direct office leases. 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 4,920 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 6 floors. Most buildings in this area were built in 1913 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Downtown Milwaukee residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Milwaukee.
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