The typical asking rate per listing is in the $20's per square foot per year. The Kilbourn Town submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Milwaukee market, the Kilbourn Town submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 25 listings have been made available, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 16% of the available space in the Kilbourn Town are subleases, so you might be able to snag a great spot on a short term. 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 20,050 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 6 floors. Most buildings in this region were built in 1916 and are Class B.
This market is fairly equally mixed residential and commercial. Professional services is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Kilbourn Town residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.