On average, listings lease in the $20'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 increased $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Milwaukee market, the Downtown Milwaukee submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 25 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 8% of the office spaces in the Downtown Milwaukee are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 5,030 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 6 floors. Most buildings in this region were built in 1916 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this area. 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.