Milwaukee Industrial Figures Q4 2022

‒The vacancy rate increased 10 basis points (bps) to 2.6% and the availability rate declined 80 bps to 4.2% while the average asking lease rate decreased to $4.91.

‒The market saw 1.7M sq. ft. of positive absorption during Q4 2022.

‒9 speculative (spec) projects totaling approximately 2.3 million sq. ft. were completed in Q4 2022.

‒There are approximately 7.9 million sq. ft. of projects under construction in the market.

‒Investment sales accounted for approximately $200 million of sales volume in Q4 2022.

‒The Milwaukee industrial market closed 2022 with 9.4 million sq. ft. of deliveries, 8.1 sq. ft. of net absorption and 10 million sq. ft. of leasing volume.