The typical asking rate per listing is in the $10's per square foot per year. The Milwaukee submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 16% decline 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 undervalued submarket.
In the last 90 days, 155 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the office spaces in the Milwaukee are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,330 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this area were built in 1968 and are Class A.