The typical asking rate per listing is in the $20's per square foot per year. The Kilbourn Town region is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Milwaukee market, the Kilbourn Town region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 25 listings have come on the market, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 20% of the office spaces in the Kilbourn Town 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 posted, so finding a space for a small business might be tough.
Even though the median size is 20,050 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 6 floors. Most buildings in this area were built in 1916 and are Class B.
This region is fairly equally mixed residential and commercial. Professional services is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Kilbourn Town occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.