Historic Third Ward Commercial Real Estate For Lease

Historic Third Ward

Market Report

Number of Listings For Lease
Posted in the last 90 days
7
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
1,980

Historic Third Ward Commercial Real Estate

Find Historic Third Ward commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about Historic Third Ward commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Historic Third Ward Rates

The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The Historic Third Ward submarket is going through a a rise in rates. In the last 3 months, the median rate for lease rose $5 per sqft per year. That's a 20% increase in rent.

Compared to the rest of the Milwaukee commercial real estate market, the Historic Third Ward region has higher rates for rent, and you may have to negotiate above asking rent to be in this hot region.

Historic Third Ward Listing Supply

In the last 90 days, 146 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard size for office space in this area is around 1,980 sqft. Most buildings in this region are approximately 5 stories. Most buildings in this region were built approximately 1906 and are Class B.

Historic Third Ward Community

A large portion of this region is residential, but there's plenty of office space. Utilities is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Historic Third Ward occupants. 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