The typical asking rate per listing is in the $20'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 rose $2 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the Milwaukee market, the Historic Third Ward submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 146 listings have been listed, so you'll want to check back regularly for new listings. About 8% of the available space in the Historic Third Ward are subleases, so you will probably have to consider a longer term lease. 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 spaces below 2,000 sqft. Most properties in this region are approximately 5 floors. Most buildings in this market 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 area. 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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