On average, listings lease in the $10's per square foot per year. The Park Place submarket is going through a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Milwaukee market, the Park Place region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 23 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 5,020 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 1 floors. Most buildings in this area 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 occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.