The typical asking rate per listing is in the $10's per square foot per year. The Lower East Side region is going through a an increase in rates. In the last 3 months, the median rate went up $19 per sqft per year. That's a Inf% rise in rent.
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 submarket.
In the last 90 days, 9 listings have come on the market, which means leases might be going fast. You'll want to be prepared to make an offer immediately. 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 17,450 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 6 stories. Most buildings in this market were built in 1910 and are Class C.
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 region. Commute by walking is the most popular way to get to work amongst Lower East Side residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.