Milwaukee nowadays is continuing its Renaissance with a significant construction boom and new developments across the city. Businesses expand rapidly there, creating a healthy demand for office space. Milwaukee is an attractive spot for small, medium-sized, and large companies, while it offers numerous resources and tools for their sustainable growth. The city has one of the highest concentrations of business accelerators in the nation, a highly-educated and motivated talent pool that helps to ensure profitability and productivity, superb transport linkage, etc. Office space for rent in Milwaukee is affordable. The market consists of a range of traditional and flexible suites, leased for less than $3 per sq.ft. per month. It is possible to get a monthly membership in a coworking space for about $50-300 per desk. Boosted by the increasing economic stability, Milwaukee’s office market boasts single and multi-tenant premises that, in general, account for about 48 million square feet of space. More than 850 thousand will be delivered to the stock this year. Some of the current constructions in Milwaukee boast the already pre-leased office space. The consolidation of the Downton District has a significant impact on the state of affairs in the office market of Milwaukee. As entrepreneurs and firms are moving to the newly-built venues there, they are leaving behind small office space in the rural parts of Milwaukee for further rent. Such a trend is driven by the tenants’ desire to get workspace in the areas with an educated labor pool. Neighborhoods like Riverwalk District and others with access to the lakefront provide a perfect work-live-play environment and bring waves of tenants.
