On average, listings lease in the $20's per square foot per year. The Mitchell West region is experiencing a decline in rates. In the last 3 months, the median rate decreased $38 per sqft per year. That's a 63% decline in rent.
Compared to the rest of the Milwaukee market, the Mitchell West submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 0 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the office spaces in the Mitchell West 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,390 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this market were built in 1991 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Mitchell West folk. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.