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2019 Q2 Metro Milwaukee Office Market Report

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2019 Q2 Office Hero

Office market steadies with conservative absorption and activity

With a lack of momentum in Q1, the market steadied in Q2. Market indicators are mixed, and overall demand has flattened since the beginning of the year. Absorption was positive for the quarter; however, this trend was not seen equally across submarkets or product class. Class A product and the CBD submarket accounted for nearly all positive absorption, with class B suburban product realizing significant negative absorption. Activity in the market is still strong, however, as existing and new to market companies continue to expand and open new offices in the market. Companies like R&R Insurance, ProHealth Care, Insight Global, Vizance and Novel Coworking all announced plans to expand or create a footprint in the market. Outside of these companies, smaller users continue to be active in the market, and the market continues to see a flight to quality that is evident through the absorption numbers. The second half of the year is well positioned based on the leasing activity and expected construction deliveries.


2019 Q2 Office Card

2019 Q2 Metro Milwaukee Office Market Report

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Margaret Blair

Director of Marketing & Research

Milwaukee

Margaret leads Colliers | Wisconsin’s Marketing and Research Group. In her role, Margaret is responsible for the creation of business development and marketing materials, oversees the marketing,  research and analytics platform,   providing interpretation and analysis of market trends to bolster the efforts of our advisors and clients. In addition, Margaret is responsible for leading the overall vision of the marketing and research platform, including its conversion to a distinct service line within our family of companies. Stepping outside of the traditional marketing and research role, Margaret’s team analyzes, interprets and presents data holistically in effort to guide more effective decision making for real estate owners, end users and community members. 

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