The typical asking rate per listing is in the $10's per square foot per year. The Lower East Side submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $16 per sqft per year.
Compared to the rest of the Milwaukee market, the Lower East Side submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 4 listings have been made available, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 125% of the available leases in the Lower East Side are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most properties in this region are approximately 3 stories. Most buildings in this market were built in 1898 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Lower East Side residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.