Intelligence

Regional Summaries

Select a state to view available market snapshots

Milwaukee, WI

Apartment
Vacancy is low in the 103,920-unit Milwaukee apartment market. The year 2017 saw 1,822 units complete construction and 1,699 units of net absorption, and the vacancy rate edged up just 10 basis points to 4.0%. A 291-unit project completed construction in Milwaukee in January, and the vacancy rate was 4.4% that month. The average asking rent increased 4.4% in 2017 to $1,009 per month, with the average effective rent up 4.0%—faster than household average income for the second consecutive year—to $966 per month. The fourth quarter gains were 1.4% asking and 1.5% effective. Overall rents were up a strong 0.6% asking and 0.5% effective in January 2018. VIEW APARTMENT LISTINGS >
Office
The 30.8-million-square-foot Milwaukee general purpose, multi-tenant office market is adding space despite negative net absorption, as large tenants continue to occupy owner-occupied projects. The 2017 totals were 194,000 square feet of new supply and minus 38,000 square feet of net absorption, and the vacancy rate increased 40 basis points to 19.3%. It edged up 10 basis points in the fourth quarter and edged down 10 in January 2018. Both the average asking rent and the average effective rent edged up just 1.2% in 2017 and 0.3% for the fourth quarter, typical of the small gains punctuated by losses. The averages were $19.87 psf asking and $14.81 psf effective at year-end, the latter lower than in 1996. Overall all rents were flat in January 2018. VIEW OFFICE LISTINGS >
Retail
Metro MilwaukeeÂ’s 15.7-million-square-foot community-neighborhood shopping center market has been weak since the start of the Great Recession. The vacancy rate, which had been 9.6% at the end of 2008, was 12.8% at the end of 2017 despite just 236,000 square feet of new supply over nine years. Net absorption totaled minus 481,000 square feet for 2009 and 2010 combined, and just plus 184,000 since. It was slightly negative in 2016 and in 2017, when the vacancy rate increased 40 basis points. The average asking rent was up 1.0% during 2017 to $15.78 psf, and the average effective rent rose 1.1% to $14.09 psf. In the fourth quarter, however, rents fell by 0.6% and 0.4%, respectively. Little changed in January 2018. VIEW RETAIL LISTINGS >

More from our Local Market Experts About WI

Source: Data provided by Reis, inc.

Coldwell Banker Commercial® Reports

Coldwell Banker Commercial® Blue Book

The Coldwell Banker Commercial® (CBC) organization is proud to present its’ 2017 Year-End Blue Book!

The Blue Book is a helpful market report with information brought to you by the true “on the ground” experts – the professionals of the Coldwell Banker Commercial organization from all over the world.

CBC-affiliated professionals represent one of the largest commercial real estate footprints in the U.S.  The Blue Book brings their local market feedback directly to you with up-to-date commercial real estate research covering 130+ Primary, Secondary, Tertiary & International markets. If you are thinking of investing in alternative markets, the Blue Book is your go-to resource for local commercial real estate market data!

CBC NRT NNN Investment Report

This is a market report that Coldwell Banker Commercial NRT prepared for the CBC Global Conference. This report provides the 2018 forecast of net-lease properties and details why NNN properties remain well-positioned for continued success and growth in the coming months.

The U.S. Gulf Coast & Its Vital Interstate-10 Corridor

CBC Infographics

Shopping In-store vs. Online Shopping

The retail industry is in the midst of epic change and while some predict the end of brick and mortar stores, a recent Coldwell Banker Commercial Affiliates survey conducted online by Harris Poll aimed to explore current shopper preferences and trends to determine the real state of commercial real estate today.

Commercial Real Estate & Technology: The Generational Divide

Infographic that addresses how each generation sees aspects like the adoption, use and importance of technology. Ultimately, each generations’ concerns come down to the impact that new technology will have on the industry.

The Growing Value of Digital Tools

Which digital tools do commercial real estate professionals value most, and what devices are they using to access them, and how are these professionals’ technology habits likely to change in the years to come?

Workers Prefer Dynamic and Efficient Office Space

As employers seek to define the workplace perks most likely to attract and retain employees, a recent Coldwell Banker Commercial Affiliates survey found that the physical office itself could keep staff happier.

White Papers

 

     

Additional Resources

 

    

 

   

Commercial Real Estate Market Information

Coldwell Banker Commercial has commercial real estate market statistics to help you find out more about your local commercial real estate market. Whether you are looking for commercial real estate market trends or information on a commercial real estate markets size, we have the commercial real estate market reports you need.Get the information you need to make wise commercial real estate decisions by checking out our commercial real estate market reports. If you did not find the commercial real estate market information you were looking for contact us today!