The typical asking rate per listing is in the $20's per square foot per year. The Park Place submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $26 per sqft per year.
Compared to the rest of the Milwaukee market, the Park Place submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 23 listings have been posted online, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 52% of the available leases in the Park Place are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 5,660 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 1 floors. Most buildings in this region were built in 1988 and are Class A.
Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Park Place folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.