Below are the Q2 2023 Market Snapshots, which are brief reports for the Milwaukee and Madison commercial real estate markets. These are available and are done for both the office and industrial market sector and are based upon market research, knowledge and statistics sourced from CoStar. Our goal is to provide information to our clients and customers to help you understand the commercial real estate market better through the lens of research coupled with insights from our experienced team of experts.
The Market Snapshots include a brief overview of what has happened in the Milwaukee and Madison industrial and office markets during the past quarter. They also include statistics on the various submarkets, significant lease and sale transactions as well as key market indictors such as vacancy rates, net absorption, average market rents and unemployment rates. Our Greywolf Partners team focuses on the Madison area market, while our NAI Greywolf team provides information on the Milwaukee market.
In Q2, both Milwaukee and Madison saw continuing affects from climbing interest rates, while coupled with the pricing challenges between buyers and sellers for investment sales. Milwaukee, especially downtown, is holding steady in the office market while industrial continues to see limited available space, compounded with limited construction. The Madison office market is seeing a stabilization of vacancies and the industrial market continues to see a strong demand for space.
While these reports provide a brief insight into the respective markets, we ask you connect with one of our knowledgeable team members to assist you in learning more in-depth information about the market or property type you are interested in.
