{"id":922,"date":"2014-11-18T06:44:56","date_gmt":"2014-11-18T14:44:56","guid":{"rendered":"http:\/\/www.officefinder.com\/officeblog\/?p=922"},"modified":"2016-04-13T15:18:02","modified_gmt":"2016-04-13T22:18:02","slug":"office-space-milwaukee","status":"publish","type":"post","link":"https:\/\/www.officefinder.com\/officeblog\/office-space-milwaukee\/","title":{"rendered":"Office Space in Milwaukee"},"content":{"rendered":"<p><a href=\"https:\/\/www.officefinder.com\/Local\/Milwaukee-Office-Space-WI\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" src=\"https:\/\/www.officefinder.com\/images\/Office-Building-Photos\/Milwaukee-Office-Space-1406-59_S.jpg\" alt=\"Available Milwaukee office space\" width=\"100\" height=\"95\" \/><\/a><\/p>\n<p>Office Space in Milwaukee , Wisconsin is going through a major office building shakeup at the moment. A number of major office buildings in the downtown core have recently sold or are in the process of being sold. Wisconsin Avenue, the main street of Milwaukee is at the\u00a0center of the change. The\u00a0increase of office building activity on Wisconsin Avenue is part of warming of the\u00a0national real estate market, with a special Milwaukee slant. Over the last 18 months a lot of investment capital has entered the commercial real estate market.<\/p>\n<p>In announcing the $74.3 million dollar purchase of the 30 story 411 East Wisconsin Avenue building, the new buyers, Riverview Realty confirmed that it will make an additional $18.5 million worth of improvements in order to improve the current 24% vacancy rate in the building. The building was assess-valued at nearly $90 million dollars.<\/p>\n<p>Several other buildings with high vacancy rates have also recently sold. These include The First Financial Center at 700 N. Water Street which was less than one-third occupied at the time of the sale. The Chase Tower at 111 E. Wisconsin Avenue is currently for sale. The assessed value of the building is currently at $22 million, but it was originally purchased for $46 million dollars in 2006.\u00a0The building is currently 84% leased. The iconic art deco inspired Gas Light Building at 626 Wisconsin Avenue is also for sale. That building is 87% occupied. The 250 Plaza building is being sold as well.<\/p>\n<p>The vacancy rate in downtown Milwaukee office buildings is improving from a\u00a0high of close to 20% at the\u00a0end of last year to around 18% now.<\/p>\n<p>The average office space rental is\u00a0between $15 and $26 per square foot in Milwaukee, based on a quick survey of available rentals.<\/p>\n<p>The Milwaukee area has a population of over two million people. It&#8217;s strategically located close to the geographic center of the United States, on the Western shore of Lake Michigan. The city&#8217;s centralized location gives it some important business advantages. <a title=\"Find offie space in Milwaukee\" href=\"https:\/\/www.officefinder.com\/Local\/Milwaukee-Office-Space-WI\/\">Great Milwaukee office spaces<\/a>\u00a0are currently available at good rates because of the current resurgence in real estate investment in the core of the city. Please <a href=\"https:\/\/www.officefinder.com\/office_space_search\/\">contact us<\/a>\u00a0for the latest information.<\/p>\n<p><a title=\"Milwaukee Office Space Tenant Rep Directory\" href=\"https:\/\/www.officefinder.com\/office-tenant-rep-directory?FilterMarketID=158&amp;FilterSqFt=0&amp;FilterProduct=\" target=\"_blank\">OfficeFinder\u2019s Milwaukee Office Tenant Rep Directory<\/a><\/p>\n<p><a title=\"Find office space for lease in Milwaukee\" href=\"https:\/\/www.officefinder.com\/Local\/Milwaukee-Office-Space-WI\/\" target=\"_blank\">Find Milwaukee Office Space<\/a><\/p>\n<p><a title=\"Office Space Tenant Rep Directory\" href=\"https:\/\/www.officefinder.com\/office-tenant-rep-directory\">OfficeFinder Office Tenant Rep Directory<\/a><\/p>\n<p><a title=\"Find office space\" href=\"https:\/\/www.officefinder.com\/office_space_search\/\" target=\"_blank\">Find Office Space Elsewhere<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Office Space in Milwaukee , Wisconsin is going through a major office building shakeup at the moment. A number of major office buildings in the downtown core have recently sold or are in the process of being sold. Wisconsin Avenue, the main street of Milwaukee is at the\u00a0center of the change. The\u00a0increase of office building\u2026 <a href=\"https:\/\/www.officefinder.com\/officeblog\/office-space-milwaukee\/\">Read More &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[10,32],"tags":[216,215],"class_list":["post-922","post","type-post","status-publish","format-standard","hentry","category-office-space","category-office-space-market-information","tag-milwaukee-office-space","tag-office-space-in-milwaukee"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\r\n<title>Office Space in Milwaukee<\/title>\r\n<meta name=\"description\" content=\"Office Space in Milwaukee , Wisconsin is going through a major office building shakeup at the moment\" \/>\r\n<meta name=\"robots\" content=\"index, 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