The typical asking rate per listing is in the $10's per square foot per year. The Park Place region is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Milwaukee market, the Park Place region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 23 listings have been listed, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 5,020 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 1 stories. Most buildings in this region were built in 1988 and are Class A.
Finance and insurance are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Park Place residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.