The typical asking rate per listing is in the $20's per square foot per year. The Kilbourn Town region is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Milwaukee market, the Kilbourn Town region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 25 listings have come on the market, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. 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 5,610 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 5 floors. Most buildings in this region were built in 1916 and are Class A.
This market is fairly equally mixed residential and commercial. Professional services is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Kilbourn Town folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.