On average, listings lease in the $10's per square foot per year. The Downtown Milwaukee submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 28% decline in rent.
Compared to the rest of the Milwaukee market, the Downtown Milwaukee region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 115 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the listings in the Downtown Milwaukee are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 4,530 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 6 stories. Most buildings in this area were built in 1916 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 region. 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.