Milwaukee Office Market
| Average Asking Rent (Price/SF) | $21.57 |
| Availability Rate (%) | 18.5% |
| Net Absorption (SF) | -50,150 |
2020 was a challenging year for the office market, as the pandemic led to a slowdown in leasing activity and buying activity. The Milwaukee market’s overall absorption and vacancy numbers haven’t fully reflected these impacts as several late 2019 deals where fulfilled. And now as we enter 2021 we will most likely begin to see significant increases in vacancy.
Download Milwaukee Quarterly Office Report 4Q20Milwaukee Industrial Market
| Average Asking Price (Price/SF) | $4.42 |
| Availability Rate (%) | 4.1% |
| Net Absorption (SF) | 3,071,837 |
As 2020 presented unique economic challenges for the nation, the Milwaukee industrial market continued to expand at rapid rate of 3.0%. Contributing to market expansion where Amazon opening their four story 2.6 million square foot fulfillment facility in Oak Creek, and three additional fulfillment centers throughout the region ranging in size from 438,309 to 748,500 square feet. Foxconn delivered their first 993,460 square foot manufacturing building at their Mount Pleasant campus. And finally Fresenius Kabi leased a 590,525 square foot warehouse in Pleasant Prairie.
Download Milwaukee Quarterly Industrial Report 4Q20