The typical asking rate per listing is in the $20's per square foot per year. The Lower East Side region is seeing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 28% increase in rent.
Compared to the rest of the Milwaukee market, the Lower East Side region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 7 listings have been made available, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 23,660 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 6 floors. Most buildings in this market were built in 1910 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Lower East Side occupants. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.