The typical asking rate per listing is in the $10's per square foot per year. The Park Place region is seeing a a rise 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 submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 23 listings have come on the market, which means new availabilities 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 5,020 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 1 floors. Most buildings in this market were built in 1988 and are Class A.
Finance and insurance are the dominant industries in this region. 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.