Most listings are in the $30's per square foot per year. The Historic Third Ward region is experiencing a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the Milwaukee market, the Historic Third Ward region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 19 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 5% of the available space in the Historic Third Ward are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,320 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 5 stories. Most buildings in this area were built in 1913 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 region. Commute by car is the most popular way to get to work amongst Historic Third Ward residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.