On average, listings lease in the $20's per square foot per year. The Wauwatosa submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Milwaukee County market, the Wauwatosa region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 13 listings have been made available, which means listings most likley are 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 3,010 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this market were built in 1975 and are Class B.