On average, listings lease in the $30's per square foot per year. The Downtown Milwaukee submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 31% 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 made available, so you'll want to check back regularly for new listings. About 79% of the listings in the Downtown Milwaukee 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,160 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 6 stories. Most buildings in this market were built in 1915 and are Class A.
A large portion of this area 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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.