Milwaukee Industrial Figures Q1 2025

- In Q1 2025, Milwaukee's industrial market vacancy remained at 5.5%, unchanged from Q4 2024.

- The market saw 282,719 sq. ft. of positive absorption, dropping from the previous quarter’s 1.3 million sq. ft. Major move-ins this quarter include SACO AEI Polymers in Sheboygan and MGS in Richfield. Major move-outs include Triton Trailers in Hartford and Twin Disc in Racine.

- Uline signed three leases in Kenosha in Q1 2025, totaling 1.6 million sq. ft. Two were renewals and one was a new lease.

- Under construction square footage rose to 3.2 million sq. ft., up from 2.3 million sq. ft. in the previous quarter. Additionally, the quarterly construction area delivered was 289,892 sq. ft., a decrease from 855,968 sq. ft. in Q4 2024.

- Investment sales volume increased in Q1 2025, totaling $84.2 million, up from $61.3 million in Q4 2024. The largest sale was a portfolio of four buildings in New Berlin and Franklin, totaling 402,967 sq. ft. James Campbell Co. sold the buildings to Zilber Group for $33.8 million.