Most listings are in the $20's per square foot per year. The Historic Third Ward submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 21% rise in rent.
Compared to the rest of the Milwaukee market, the Historic Third Ward submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 19 listings have been posted online, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 105% of the office spaces in the Historic Third Ward are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,980 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 5 stories. Most buildings in this region were built in 1906 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Utilities is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Historic Third Ward residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.