Most listings are in the $10's per square foot per year. The Park Place submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 43% decrease in rent.
Compared to the rest of the Milwaukee market, the Park Place region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 23 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 26% of the available space in the Park Place are subleases, so you might be able to find a shorter term or below market rent. 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 36,070 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 1 stories. Most buildings in this area were built in 1988 and are Class A.
Finance and insurance are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Park Place residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.