On average, listings lease in the $20's per square foot per year. The Downtown Milwaukee region is seeing a a rise in rates. In the last 3 months, the median rate rose $0 per sqft per year. That's a 1% rise in rent.
Compared to the rest of the Milwaukee market, the Downtown Milwaukee submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 115 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the available space in the Downtown Milwaukee are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,600 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 6 floors. Most buildings in this area were built in 1916 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 market. 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.