Insights
Wisconsin
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BACK TO INSIGHTSEXPLORE 3 Wisconsin MARKETSToggle markets
VACANCY
Apartment
Average Vacancy Rate 5.4%
- No change since Q1 2020.
- Highest level since year-end 2010.
- Expected to finish 2020 at 6.7%.
Distribution / Warehousing
Average Vacancy Rate 13.1%
- Drifted upward by 30 basis points.
- Expected to finish 2020 at 14.7%.
Flex / R&D
Average Vacancy Rate 12.8%
- Drifted upward by 10 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2020 at 14.2%.
Office
Average Vacancy Rate 17.7%
- Drifted downward by 30 basis points.
- Expected to finish 2020 at 19.7%.
Retail
Average Vacancy Rate 12.2%
- No change since Q1 2020.
- Lowest level since Q2 2016.
- Expected to finish 2020 at 14.6%.
RENT
Apartment
Average Asking Rent $1,516
- Down 0.9% from Q1 2020.
- Expected to finish 2020 at $1,471.
Distribution / Warehousing
Average Asking Rent $5.31
- Down 0.2% from Q1 2020.
- Expected to finish 2020 at $5.03.
Flex / R&D
Average Asking Rent $8.42
- Up 0.4% from Q1 2020.
- Expected to finish 2020 at $7.90.
Office
Average Asking Rent $32.23
- Down 0.5% from Q1 2020.
- Expected to finish 2020 at $31.24.
Retail
Average Asking Rent $20.48
- Down 0.5% from Q1 2020.
- Expected to finish 2020 at $19.29.
VACANCY
Apartment
Average Vacancy Rate 4.2%
- No change since Q1 2020.
- Lowest level since Q2 2017.
- Expected to finish 2020 at 5.5%.
Distribution / Warehousing
Average Vacancy Rate 14.5%
- Increased by 50 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2019 at 13.7%.
Office
Average Vacancy Rate 20.9%
- Drifted upward by 20 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2020 at 22.8%.
Retail
Average Vacancy Rate 13.4%
- Drifted downward by 10 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2020 at 16.1%.
RENT
Apartment
Average Asking Rent $1,132
- Down 0.1% from Q1 2020.
- Expected to finish 2020 at $1,104.
Distribution / Warehousing
Average Asking Rent $4.69
- Up 0.6% from year-end 2018.
- Fastest rate of increase in six quarters.
- Expected to finish 2019 at $4.79.
Office
Average Asking Rent $19.99
- Down 0.2% from Q1 2020.
- Expected to finish 2020 at $19.46.
Retail
Average Asking Rent $16.11
- Down 0.5% from Q1 2020.
- Expected to finish 2020 at $15.26.
VACANCY
Apartment
Average Vacancy Rate 4.3%
- No change since Q1 2020.
- Highest level since Q2 2010.
- Expected to finish 2020 at 5.9%.
Distribution / Warehousing
Average Vacancy Rate 10.4%
- Drifted upward by 10 basis points.
- Highest level since year-end 2016.
- Expected to finish 2020 at 12.0%.
Flex / R&D
Average Vacancy Rate 11.5%
- Increased by 80 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2020 at 12.3%.
Office
Average Vacancy Rate 18.8%
- Drifted upward by 20 basis points.
- Highest level since year-end 2011.
- Expected to finish 2020 at 20.8%.
Retail
Average Vacancy Rate 10.8%
- Drifted upward by 20 basis points.
- Highest level since Q1 2017.
- Expected to finish 2020 at 13.2%.
RENT
Apartment
Average Asking Rent $1,384
- Up 0.4% from Q1 2020.
- Has risen in every quarter since Q2 2010.
- Expected to finish 2020 at $1,352.
Distribution / Warehousing
Average Asking Rent $6.44
- Down 0.5% from Q1 2020.
- Expected to finish 2020 at $6.11.
Flex / R&D
Average Asking Rent $8.76
- Down 0.1% from Q1 2020.
- Expected to finish 2020 at $8.08.
Office
Average Asking Rent $25.19
- Fastest rent growth in the nation.
- Has risen for eleven consecutive quarters.
- Expected to finish 2020 at $24.41.
Retail
Average Asking Rent $19.53
- Down 0.5% from Q1 2020.
- Expected to finish 2020 at $18.40.