On average, listings lease in the $20's per square foot per year. The Downtown Milwaukee region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 8% decrease in rent.
Compared to the rest of the Milwaukee market, the Downtown Milwaukee region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 179 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the available space in the Downtown Milwaukee are subleases, so you will probably have to consider a longer term 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 3,520 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 6 floors. Most buildings in this region were built in 1916 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Downtown Milwaukee residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.