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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 4.7% in the Chicago metro

No vacancy change since Q2 2022 in the Chicago metro.
The Chicago metro had the lowest vacancy level since Q3 2017.
Vacancy is expected to finish 2022 at 4.6% in the Chicago metro.

Distribution / Warehousing

The average Vacancy Rate was 4.0% in the Chicago metro

Vacancy in the Chicago metro has been in decline for six consecutive quarters.
The Chicago metro was among the 20 lowest vacancies nationally.
Vacancy is expected to finish 2022 at 3.3% in the Chicago metro.

Flex / R&D

The average Vacancy Rate was 5.4% in the Chicago metro

The Chicago metro had the tenth lowest vacancy in the nation and the twelfth lowest in the Midwest.
Vacancy in the Chicago metro declined by 100 basis points.
The Chicago metro had the lowest vacancy level since Q3 2009.

Office

The average Vacancy Rate was 17.6% in the Chicago metro

Vacancy in the Chicago metro drifted upward by 20 basis points.
The Chicago metro was among the 20 lowest vacancies nationally.
Vacancy is expected to finish 2022 at 17.8% in the Chicago metro.

Retail

The average Vacancy Rate was 12.4% in the Chicago metro

Vacancy in the Chicago metro drifted upward by 10 basis points.
Vacancy is expected to finish 2022 at 12.3% in the Chicago metro.

RENT

Apartment

The average Asking Rent was $1,791 in the Chicago metro

Rent in the Chicago metro was up 2.4% from Q2 2022.
Rent is expected to finish 2022 at $1,802 in the Chicago metro.

Distribution / Warehousing

The average Asking Rent was $6.09 in the Chicago metro

Rent in the Chicago metro was up 2.4% from Q2 2022.
Rent Has risen for nine consecutive quarters in the Chicago metro.
Rent is expected to finish 2022 at $6.22 in the Chicago metro.

Flex / R&D

The average Asking Rent was $9.56 in the Chicago metro

Rent in the Chicago metro was up 2.6% from Q2 2022.
Rent Has risen for eight consecutive quarters in the Chicago metro.
Rent is expected to finish 2022 at $9.76 in the Chicago metro.

Office

The average Asking Rent was $32.35 in the Chicago metro

The Chicago metro had the fastest rent growth in the nation.
Chicago metro had its fastest rent rate of increase in ten quarters.
Rent is expected to finish 2022 at $32.47 in the Chicago metro.

Retail

The average Asking Rent was $20.83 in the Chicago metro

Rent in the Chicago metro was up 0.1% from Q2 2022.
Rent is expected to finish 2022 at $20.87 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

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VACANCY

Apartment

The average Vacancy Rate was 3.5% in the Milwaukee metro

Vacancy in the Milwaukee metro drifted upward by 10 basis points.
The Milwaukee metro was among the 20 lowest vacancies nationally.
Vacancy is expected to finish 2022 at 3.6% in the Milwaukee metro.

Distribution / Warehousing

The average Vacancy Rate was 5.8% in the Milwaukee metro

Vacancy in the Milwaukee metro has been in decline for six consecutive quarters.
The Milwaukee metro had the lowest vacancy level since Q1 2017.
Vacancy is expected to finish 2022 at 5.1% in the Milwaukee metro.

Office

The average Vacancy Rate was 23.1% in the Milwaukee metro

Vacancy in the Milwaukee metro drifted upward by 20 basis points.
The Milwaukee metro had the highest vacancy level since year-end 1993.
Vacancy is expected to finish 2022 at 23.0% in the Milwaukee metro.

Retail

The average Vacancy Rate was 12.6% in the Milwaukee metro

Vacancy in the Milwaukee metro fell by 60 basis points.
The Milwaukee metro had the lowest vacancy level since Q1 2018.
Vacancy is expected to finish 2022 at 12.8% in the Milwaukee metro.

RENT

Apartment

The average Asking Rent was $1,321 in the Milwaukee metro

Rent in the Milwaukee metro was up 2.5% from Q2 2022.
Rent Has risen for six consecutive quarters in the Milwaukee metro.
Rent is expected to finish 2022 at $1,328 in the Milwaukee metro.

Distribution / Warehousing

The average Asking Rent was $5.21 in the Milwaukee metro

Rent in the Milwaukee metro was up 1.8% from Q2 2022.
Milwaukee metro had its fastest rent rate of increase in four quarters.
Rent Has risen for seven consecutive quarters in the Milwaukee metro.

Office

The average Asking Rent was $20.75 in the Milwaukee metro

Rent in the Milwaukee metro was up 0.1% from Q2 2022.
Rent is expected to finish 2022 at $20.88 in the Milwaukee metro.

Retail

The average Asking Rent was $16.20 in the Milwaukee metro

Rent in the Milwaukee metro was down 0.1% from Q2 2022.
Rent is expected to finish 2022 at $16.22 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

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VACANCY

Apartment

The average Vacancy Rate was 6.9% in the Minneapolis metro

No vacancy change since Q2 2022 in the Minneapolis metro.
The Minneapolis metro had the highest vacancy level since Q1 2004.
Vacancy is expected to finish 2022 at 6.8% in the Minneapolis metro.

Distribution / Warehousing

The average Vacancy Rate was 3.0% in the Minneapolis metro

The Minneapolis metro had the seventh lowest vacancy in the nation and the sixth lowest in the Midwest.
Vacancy in the Minneapolis metro has been in decline for nine consecutive quarters.
The Minneapolis metro had the lowest vacancy level since Q3 2009.

Flex / R&D

The average Vacancy Rate was 5.8% in the Minneapolis metro

Vacancy in the Minneapolis metro has been in decline for seven consecutive quarters.
The Minneapolis metro was among the 20 lowest vacancies nationally.
Vacancy is expected to finish 2022 at 5.2% in the Minneapolis metro.

Office

The average Vacancy Rate was 21.4% in the Minneapolis metro

Vacancy in the Minneapolis metro increased by 80 basis points.
The Minneapolis metro had the highest vacancy level since year-end 1993.
Vacancy is expected to finish 2022 at 21.4% in the Minneapolis metro.

Retail

The average Vacancy Rate was 10.4% in the Minneapolis metro

Vacancy in the Minneapolis metro drifted downward by 20 basis points.
The Minneapolis metro was among the 20 lowest vacancies nationally.
Vacancy is expected to finish 2022 at 10.4% in the Minneapolis metro.

RENT

Apartment

The average Asking Rent was $1,443 in the Minneapolis metro

Rent in the Minneapolis metro was down 1.2% from Q2 2022.
Rent is expected to finish 2022 at $1,451 in the Minneapolis metro.

Distribution / Warehousing

The average Asking Rent was $6.91 in the Minneapolis metro

Rent in the Minneapolis metro was up 1.3% from Q2 2022.
Rent Has risen for nine consecutive quarters in the Minneapolis metro.
Rent is expected to finish 2022 at $6.98 in the Minneapolis metro.

Flex / R&D

The average Asking Rent was $9.22 in the Minneapolis metro

Rent in the Minneapolis metro was up 1.3% from Q2 2022.
Minneapolis metro had its fastest rent rate of increase since Q3 2009.
Rent Has risen for nine consecutive quarters in the Minneapolis metro.

Office

The average Asking Rent was $26.16 in the Minneapolis metro

Rent in the Minneapolis metro was up 0.2% from Q2 2022.
Rent is expected to finish 2022 at $26.26 in the Minneapolis metro.

Retail

The average Asking Rent was $19.34 in the Minneapolis metro

Rent in the Minneapolis metro was up 0.1% from Q2 2022.
Rent is expected to finish 2022 at $19.42 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.