Milwaukee Industrial Figures Q1 2026

- In the Milwaukee Industrial market, there was 1.1 million sq. ft. of positive net absorption in Q1, an increase of 1.8% from the previous quarter, extending the market’s recent run of positive demand.

-The market vacancy rate maintained at 4.8% in Q1, consistent with the previous quarter and the lowest vacancy reported since Q3 2023.

-The construction pipeline delivered 1 million sq. ft. of new construction in Q1, with an additional 1.7 million sq. ft. of developments underway. There were three early season projects started in Q1, totaling 570,000 sq. ft. combined.

-Leasing activity in the market totaled 2 million sq. ft. transacted this quarter. Leasing at new construction (built since 2022) represented 41% of the quarterly volume with the two largest lease deals in Q1.

-Investment sales volume totaled $128 million in Q1 2026, an increase of 13% from the previous year and a signal of the market’s sustained growth in sales volume.