The typical asking rate per listing is in the $20's per square foot per year. The Park Place submarket is going through a a rise in rates. In the last 3 months, the median rate rose $11 per sqft per year. That's a 74% rise in rent.
Compared to the rest of the Milwaukee market, the Park Place region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 23 listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 5,660 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this market were built in 1988 and are Class A.
Finance and insurance are the dominant industries in this area. 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.