On average, listings lease in the $20's per square foot per year. The Lower East Side region is experiencing a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 28% increase in rent.
Compared to the rest of the Milwaukee market, the Lower East Side submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 7 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 23,660 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 6 floors. Most buildings in this region were built in 1910 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Lower East Side residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.