On average, listings lease in the $10's per square foot per year. The Lower East Side region is experiencing a an increase in rates. In the last 3 months, the median rate increased $16 per sqft per year.
Compared to the rest of the Milwaukee market, the Lower East Side region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 4 listings have been listed, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,140 sqft. Most properties in this area are close to 5 floors. Most buildings in this market were built in 1880 and are Class B.
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 market. 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.