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Wisconsin

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Market Overview

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EXPLORE 3 Wisconsin MARKETSToggle markets

Chicago
Milwaukee
Minneapolis

Chicago

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VACANCY

Apartment

The average Vacancy Rate was 5.5% in the Chicago metro

Vacancy in the Chicago metro drifted upward by 20 basis points.
The Chicago metro had the highest vacancy level since Q2 2021.
Vacancy is expected to finish 2025 at 5.5% in the Chicago metro.

Distribution / Warehousing

The average Vacancy Rate was 5.7% in the Chicago metro

Vacancy in the Chicago metro drifted downward by 20 basis points.
Vacancy is expected to finish 2025 at 5.4% in the Chicago metro.

Flex / R&D

The average Vacancy Rate was 5.6% in the Chicago metro

Vacancy in the Chicago metro drifted downward by 20 basis points.
The Chicago metro was among the 20 lowest vacancies nationally.
Vacancy is expected to finish 2025 at 5.5% in the Chicago metro.

Office

The average Vacancy Rate was 20.3% in the Chicago metro

Vacancy in the Chicago metro increased by 140 basis points.
The Chicago metro had the highest vacancy level since Q2 1997.
Vacancy is expected to finish 2025 at 20.1% in the Chicago metro.

Retail

The average Vacancy Rate was 12.9% in the Chicago metro

Vacancy in the Chicago metro drifted downward by 10 basis points.
The Chicago metro was among the 20 highest vacancies nationally.
Vacancy is expected to finish 2025 at 12.6% in the Chicago metro.

RENT

Apartment

The average Asking Rent was $1,887 in the Chicago metro

Rent in the Chicago metro was up 1.1% from Q3 2024.
Chicago metro had its fastest rent rate of increase in eight quarters.
Rent is expected to finish 2025 at $1,943 in the Chicago metro.

Distribution / Warehousing

The average Asking Rent was $6.78 in the Chicago metro

Rent in the Chicago metro was up 0.1% from Q3 2024.
Rent has risen in every quarter since Q2 2020 in the Chicago metro.
Rent is expected to finish 2025 at $6.95 in the Chicago metro.

Flex / R&D

The average Asking Rent was $10.19 in the Chicago metro

Rent in the Chicago metro was up 0.1% from Q3 2024.
Rent is expected to finish 2025 at $10.38 in the Chicago metro.

Office

The average Asking Rent was $33.02 in the Chicago metro

The Chicago metro had the fastest rent growth in the Midwest region, sixth most rapid in the nation.
Chicago metro had its fastest rent rate of increase since Q2 2016.
Rent is expected to finish 2025 at $33.30 in the Chicago metro.

Retail

The average Asking Rent was $21.15 in the Chicago metro

Rent in the Chicago metro was up 0.3% from Q3 2024.
Rent is expected to finish 2025 at $21.37 in the Chicago metro.

Learn more about the Wisconsin markets from one of our professionals

Learn more about the Wisconsin markets from one of our professionals.

Milwaukee

Learn more about the Wisconsin markets from one of our professionals

VACANCY

Apartment

The average Vacancy Rate was 3.8% in the Milwaukee metro

Vacancy in the Milwaukee metro drifted upward by 20 basis points.
The Milwaukee metro was among the 20 lowest vacancies nationally.
Vacancy is expected to finish 2025 at 4.0% in the Milwaukee metro.

Distribution / Warehousing

The average Vacancy Rate was 7.8% in the Milwaukee metro

Vacancy in the Milwaukee metro drifted upward by 40 basis points.
Vacancy is expected to finish 2025 at 7.8% in the Milwaukee metro.

Office

The average Vacancy Rate was 24.7% in the Milwaukee metro

No vacancy change since Q3 2024 in the Milwaukee metro.
The Milwaukee metro was among the 10 highest vacancies nationally.
Vacancy is expected to finish 2025 at 24.6% in the Milwaukee metro.

Retail

The average Vacancy Rate was 13.5% in the Milwaukee metro

Vacancy in the Milwaukee metro drifted upward by 20 basis points.
The Milwaukee metro was among the 20 highest vacancies nationally.
Vacancy is expected to finish 2025 at 12.7% in the Milwaukee metro.

RENT

Apartment

The average Asking Rent was $1,373 in the Milwaukee metro

Rent in the Milwaukee metro was up 0.1% from Q3 2024.
Rent is expected to finish 2025 at $1,410 in the Milwaukee metro.

Distribution / Warehousing

The average Asking Rent was $5.73 in the Milwaukee metro

Rent in the Milwaukee metro was up 0.2% from Q3 2024.
Rent has risen in every quarter since year-end 2020 in the Milwaukee metro.
Rent is expected to finish 2025 at $5.93 in the Milwaukee metro.

Office

The average Asking Rent was $20.86 in the Milwaukee metro

The Milwaukee metro remained flat rent since Q3 2024.
Rent is expected to finish 2025 at $21.04 in the Milwaukee metro.

Retail

The average Asking Rent was $16.40 in the Milwaukee metro

Rent in the Milwaukee metro was up 0.1% from Q3 2024.
Rent is expected to finish 2025 at $16.62 in the Milwaukee metro.

Learn more about the Wisconsin markets from one of our professionals

Learn more about the Wisconsin markets from one of our professionals.

Minneapolis

Learn more about the Wisconsin markets from one of our professionals

VACANCY

Apartment

The average Vacancy Rate was 7.7% in the Minneapolis metro

No vacancy change since Q3 2024 in the Minneapolis metro.
The Minneapolis metro was among the 20 highest vacancies nationally.
Vacancy is expected to finish 2025 at 7.2% in the Minneapolis metro.

Distribution / Warehousing

The average Vacancy Rate was 5.3% in the Minneapolis metro

Vacancy in the Minneapolis metro drifted downward by 20 basis points.
Vacancy is expected to finish 2025 at 5.2% in the Minneapolis metro.

Flex / R&D

The average Vacancy Rate was 6.6% in the Minneapolis metro

Vacancy in the Minneapolis metro drifted upward by 20 basis points.
The Minneapolis metro was among the 20 highest vacancies nationally.
Vacancy is expected to finish 2025 at 6.4% in the Minneapolis metro.

Office

The average Vacancy Rate was 23.8% in the Minneapolis metro

Vacancy in the Minneapolis metro drifted upward by 30 basis points.
The Minneapolis metro was among the 20 highest vacancies nationally.
Vacancy is expected to finish 2025 at 24.2% in the Minneapolis metro.

Retail

The average Vacancy Rate was 11.0% in the Minneapolis metro

No vacancy change since Q3 2024 in the Minneapolis metro.
The Minneapolis metro had the lowest vacancy level since year-end 2022.
Vacancy is expected to finish 2025 at 10.7% in the Minneapolis metro.

RENT

Apartment

The average Asking Rent was $1,515 in the Minneapolis metro

Rent in the Minneapolis metro was up 0.6% from Q3 2024.
Rent is expected to finish 2025 at $1,549 in the Minneapolis metro.

Distribution / Warehousing

The average Asking Rent was $7.53 in the Minneapolis metro

Rent in the Minneapolis metro was up 0.4% from Q3 2024.
Rent has risen in every quarter since Q2 2020 in the Minneapolis metro.
Rent is expected to finish 2025 at $7.76 in the Minneapolis metro.

Flex / R&D

The average Asking Rent was $9.96 in the Minneapolis metro

Rent in the Minneapolis metro was up 0.4% from Q3 2024.
Rent has risen in every quarter since Q2 2020 in the Minneapolis metro.
Rent is expected to finish 2025 at $10.26 in the Minneapolis metro.

Office

The average Asking Rent was $27.37 in the Minneapolis metro

Rent in the Minneapolis metro was up 0.6% from Q3 2024.
Minneapolis metro had its fastest rent rate of increase in six quarters.
Rent has risen in every quarter since Q3 2021 in the Minneapolis metro.

Retail

The average Asking Rent was $19.62 in the Minneapolis metro

Rent in the Minneapolis metro was down 0.1% from Q3 2024.
Rent is expected to finish 2025 at $19.97 in the Minneapolis metro.

Learn more about the Wisconsin markets from one of our professionals

Learn more about the Wisconsin markets from one of our professionals.