On average, listings lease in the $20's per square foot per year. The Milwaukee region is seeing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 8% decrease in rent.
Compared to the rest of the Milwaukee market, the Milwaukee submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 212 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the listings in the 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,316 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 3 floors. Most buildings in this area were built in 1968 and are Class B.