On average, listings lease in the $20's per square foot per year. The Downtown Milwaukee region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Milwaukee market, the Downtown Milwaukee submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 143 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the listings in the Downtown Milwaukee are subleases, so you will probably have to focus your search on direct office leases. 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 3,940 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 6 stories. Most buildings in this market were built in 1917 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Downtown Milwaukee folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.