Most listings are in the $20's per square foot per year. The Kilbourn Town submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Milwaukee market, the Kilbourn Town submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 24 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 5,610 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 1916 and are Class A.
This market is fairly equally mixed residential and commercial. Professional services is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Kilbourn Town folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.