Q4 2016 MILWAUKEE OFFICE STATISTICS | JLL MILWAUKEE

LEASING ACTIVITY OVERVIEW

ASKING RENT

CONCLUSION: THE THIRD WARD IS GAINING POPULARITY, CAUSING LEASE RATES , PARTICULARLY CLASS B BUILDINGS,TO INCREASE MORE THAN OTHER BUILDINGS IN NEARBY SUBMARKETS.

VACANCY RATES

CONCLUSION: THE MAYFAIR/WAUWATOSA SUBMARKET HAS SEEN A LARGE CORRECTION IN VACANCY RATE AS IT CONTINUES TO BE A POPULAR OFFICE ENVIRONMENT AMONG THE SUBURBS. CLASS A SPACE HAS BECOME MORE EXPENSIVE AS PREMIUM SPACE IS LEASED - ESPECIALLY IN THE RESEARCH PARK.

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