Insights
Wisconsin
BACK TO INSIGHTSMarket Overview
BACK TO INSIGHTSEXPLORE 3 Wisconsin MARKETSToggle markets
VACANCY
Apartment
The average Vacancy Rate was 5.2% in the Chicago metro
- Vacancy in the Chicago metro drifted downward by 10 basis points.
- The Chicago metro had the lowest vacancy level since Q1 2019.
- Vacancy is expected to finish 2022 at 5.0% in the Chicago metro.
Distribution / Warehousing
The average Vacancy Rate was 7.4% in the Chicago metro
- Vacancy in the Chicago metro declined by 50 basis points.
- The Chicago metro had the lowest vacancy level since Q3 2009.
- Vacancy is expected to finish 2022 at 7.0% in the Chicago metro.
Flex / R&D
The average Vacancy Rate was 7.2% in the Chicago metro
- The Chicago metro had the tenth lowest vacancy in the nation and the eleventh lowest in the Midwest.
- Vacancy in the Chicago metro has been in decline for six consecutive quarters.
- The Chicago metro had the lowest vacancy level since Q3 2009.
Office
The average Vacancy Rate was 18.1% in the Chicago metro
- Vacancy in the Chicago metro declined by 90 basis points.
- The Chicago metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 18.8% in the Chicago metro.
Retail
The average Vacancy Rate was 12.4% in the Chicago metro
- No vacancy change since year-end 2021 in the Chicago metro.
- The Chicago metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 12.0% in the Chicago metro.
RENT
Apartment
The average Asking Rent was $1,688 in the Chicago metro
- Rent in the Chicago metro was down 0.1% from year-end 2021.
- Rent is expected to finish 2022 at $1,731 in the Chicago metro.
Distribution / Warehousing
The average Asking Rent was $5.70 in the Chicago metro
- Rent in the Chicago metro was up 1.4% from year-end 2021.
- Rent Has risen for seven consecutive quarters in the Chicago metro.
- Rent is expected to finish 2022 at $5.86 in the Chicago metro.
Flex / R&D
The average Asking Rent was $8.91 in the Chicago metro
- The Chicago metro had the second fastest rent growth in the nation, behind only San Jose.
- Rent Has risen for six consecutive quarters in the Chicago metro.
- Rent is expected to finish 2022 at $9.14 in the Chicago metro.
Office
The average Asking Rent was $32.00 in the Chicago metro
- Rent in the Chicago metro was up 0.1% from year-end 2021.
- Rent is expected to finish 2022 at $32.06 in the Chicago metro.
Retail
The average Asking Rent was $20.83 in the Chicago metro
- Rent in the Chicago metro was up 0.2% from year-end 2021.
- Rent is expected to finish 2022 at $20.92 in the Chicago metro.
VACANCY
Apartment
The average Vacancy Rate was 3.6% in the Milwaukee metro
- Vacancy in the Milwaukee metro drifted downward by 10 basis points.
- The Milwaukee metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 3.7% in the Milwaukee metro.
Distribution / Warehousing
The average Vacancy Rate was 12.5% in the Milwaukee metro
- Vacancy in the Milwaukee metro fell by 100 basis points.
- The Milwaukee metro was among the 10 highest vacancies nationally.
- Vacancy is expected to finish 2022 at 11.7% in the Milwaukee metro.
Office
The average Vacancy Rate was 21.9% in the Milwaukee metro
- Vacancy in the Milwaukee metro drifted downward by 20 basis points.
- Vacancy is expected to finish 2022 at 21.9% in the Milwaukee metro.
Retail
The average Vacancy Rate was 13.6% in the Milwaukee metro
- Vacancy in the Milwaukee metro drifted upward by 10 basis points.
- Vacancy is expected to finish 2022 at 13.3% in the Milwaukee metro.
RENT
Apartment
The average Asking Rent was $1,274 in the Milwaukee metro
- Rent in the Milwaukee metro was up 3.1% from year-end 2021.
- Rent is expected to finish 2022 at $1,310 in the Milwaukee metro.
Distribution / Warehousing
The average Asking Rent was $5.04 in the Milwaukee metro
- Rent in the Milwaukee metro was up 1.4% from year-end 2021.
- Rent is expected to finish 2022 at $5.19 in the Milwaukee metro.
Office
The average Asking Rent was $20.63 in the Milwaukee metro
- Rent in the Milwaukee metro was up 0.6% from year-end 2021.
- Milwaukee metro had its fastest rent rate of increase in four quarters.
- Rent is expected to finish 2022 at $20.62 in the Milwaukee metro.
Retail
The average Asking Rent was $16.20 in the Milwaukee metro
- Rent in the Milwaukee metro was up 0.2% from year-end 2021.
- Rent is expected to finish 2022 at $16.27 in the Milwaukee metro.
VACANCY
Apartment
The average Vacancy Rate was 6.8% in the Minneapolis metro
- Vacancy in the Minneapolis metro drifted upward by 10 basis points.
- The Minneapolis metro had the highest vacancy level since Q1 2004.
- Vacancy is expected to finish 2022 at 6.4% in the Minneapolis metro.
Distribution / Warehousing
The average Vacancy Rate was 5.7% in the Minneapolis metro
- The Minneapolis metro had the fifth lowest vacancy in the nation and the sixth lowest in the Midwest.
- Vacancy in the Minneapolis metro has been in decline for seven consecutive quarters.
- The Minneapolis metro had the lowest vacancy level since Q3 2009.
Flex / R&D
The average Vacancy Rate was 8.5% in the Minneapolis metro
- Vacancy in the Minneapolis metro declined by 90 basis points.
- The Minneapolis metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 7.8% in the Minneapolis metro.
Office
The average Vacancy Rate was 19.3% in the Minneapolis metro
- Vacancy in the Minneapolis metro declined by 60 basis points.
- The Minneapolis metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 20.0% in the Minneapolis metro.
Retail
The average Vacancy Rate was 10.5% in the Minneapolis metro
- The Minneapolis metro had the sixth lowest vacancy in the nation and the fifth lowest in the Midwest.
- Vacancy in the Minneapolis metro drifted upward by 10 basis points.
- Vacancy is expected to finish 2022 at 10.4% in the Minneapolis metro.
RENT
Apartment
The average Asking Rent was $1,455 in the Minneapolis metro
- Rent in the Minneapolis metro was up 1.5% from year-end 2021.
- Rent is expected to finish 2022 at $1,495 in the Minneapolis metro.
Distribution / Warehousing
The average Asking Rent was $6.76 in the Minneapolis metro
- Rent in the Minneapolis metro was up 0.4% from year-end 2021.
- Rent Has risen for seven consecutive quarters in the Minneapolis metro.
- Rent is expected to finish 2022 at $7.02 in the Minneapolis metro.
Flex / R&D
The average Asking Rent was $9.09 in the Minneapolis metro
- Rent in the Minneapolis metro was up 0.4% from year-end 2021.
- Rent Has risen for seven consecutive quarters in the Minneapolis metro.
- Rent is expected to finish 2022 at $9.39 in the Minneapolis metro.
Office
The average Asking Rent was $26.03 in the Minneapolis metro
- The Minneapolis metro had the fastest rent growth in the nation.
- Minneapolis metro had its fastest rent rate of increase in seven quarters.
- Rent is expected to finish 2022 at $26.04 in the Minneapolis metro.
Retail
The average Asking Rent was $19.35 in the Minneapolis metro
- Rent in the Minneapolis metro was up 0.2% from year-end 2021.
- Rent is expected to finish 2022 at $19.45 in the Minneapolis metro.