On average, listings lease in the $20's per square foot per year. The Mitchell West region is going through a decline in rates. In the last 3 months, the median rate fell $38 per sqft per year. That's a 63% decline in rent.
Compared to the rest of the Milwaukee market, the Mitchell West region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 0 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the available leases in the Mitchell West 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,390 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this area were built in 1991 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Mitchell West folk. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.