The typical asking rate per listing is in the $10's per square foot per year. The Park Place submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Milwaukee market, the Park Place region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 24 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the listings in the Park Place are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 6,030 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 1 stories. Most buildings in this area 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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.