realestate

Milwaukee Area Office Vacancy Rates Continue to Increase

Metro Milwaukee Area Office Vacancy Rate Hits New High at 19.8% in 2024

T
he office vacancy rate in metro Milwaukee's commercial real estate market reached a record high of 19.8% by the end of 2024, according to CARW's latest quarterly report. This represents an increase from 18.6% in Q3 and 17.7% at the same time last year.

Empty office building in downtown Milwaukee with 'For Rent' signs displayed.