On average, listings lease in the $20'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 went up $2 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Milwaukee market, the Historic Third Ward submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 146 listings have come on the market, so you'll want to check back regularly for new listings. About 8% of the available leases in the Historic Third Ward 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,980 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 5 stories. Most buildings in this area were built in 1906 and are Class A.
A large portion of this market 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.
Real time and historical data on commercial real estate listings in Historic Third Ward.
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