On average, listings lease 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 went up $25 per sqft per year.
Compared to the rest of the Milwaukee market, the Historic Third Ward submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 19 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 84% of the listings in the Historic Third Ward 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 8,360 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 5 stories. Most buildings in this area were built in 1915 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.