The typical asking rate per listing is in the $30's per square foot per year. The Downtown Milwaukee region is seeing a an increase in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 31% increase in rent.
Compared to the rest of the Milwaukee market, the Downtown Milwaukee submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 115 listings have been posted online, so you'll want to check back regularly for new listings. About 74% of the available leases in the Downtown Milwaukee 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 6 stories. Most buildings in this region were built in 1915 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Downtown Milwaukee residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.