The typical asking rate per listing is in the $20's per square foot per year. The Park Place region is going through a a boost in rates. In the last 3 months, the median rate increased $26 per sqft per year.
Compared to the rest of the Milwaukee market, the Park Place region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 23 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 52% of the available space in the Park Place 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 5,660 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 1 stories. Most buildings in this region 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 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.