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Leasing activity drives new construction in Milwaukee

SUBURBS SEE UPTICK IN ACTIVITY
Leasing activity has remained steady in the Milwaukee market, with tenants expanding, renewing or leasing new space. This is evident as the vacancy rate for the suburban office market decreased by 50 basis points (bps) to 15.9%, with the largest amount of activity in the Brookfield

Milwaukee Build-to-Suit Developments Lead New Construction

MARKET OVERVIEW
The market continues to show its resiliency as construction prevails as the driving force in the area.
The Milwaukee industrial market consisting of over 300 million sq. ft. of product, saw no change in
the vacancy rate at 4.6% from last quarter, shedding 130 basis point from a year ago. The