Most listings are in the $20's per square foot per year. The Downtown Milwaukee submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 13% decrease in rent.
Compared to the rest of the Milwaukee market, the Downtown Milwaukee region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 115 listings have been posted online, so you'll want to check back regularly for new listings. About 61% of the office spaces in the Downtown Milwaukee are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,160 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 6 stories. Most buildings in this market were built in 1913 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Downtown Milwaukee residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.