On average, listings lease in the $20's per square foot per year. The Downtown Milwaukee submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Milwaukee market, the Downtown Milwaukee region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 168 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the available leases in the Downtown Milwaukee are subleases, so you will probably have to focus your search on direct office leases. 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 3,200 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are close to 6 stories. Most buildings in this region 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 area. Commute by car is the most popular way to get to work amongst Downtown Milwaukee folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.