Most listings are in the $10's per square foot per year. The Park Place region is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 26% decrease in rent.
Compared to the rest of the Milwaukee market, the Park Place submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 3 listings have been posted online, which means leases most likley are 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 4,330 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 1 stories. Most buildings in this market were built in 1988 and are Class A.
Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Park Place occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.