Milwaukee Industrial Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Newmark, CBRE, Colliers, Cushman & Wakefield
Quarterly industrial market indicators for Milwaukee, aggregated by PropZone from Newmark, CBRE, Colliers, Cushman & Wakefield. As of Q1 2026, average asking rent was $6.07/SF.
Projected current industrial pricing — Milwaukee
low confidenceModeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 Cushman & Wakefield data (cap rate 5.0%, asking rent trend-adjusted to today). Assumes ~92% occupancy (vacancy not reported) and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $6.07/SF | — | 397K SF | — | Newmark |
| Q1 2026 | — | — | — | — | CBRE |
| Q1 2026 | — | 4.6% | 111K SF | — | Colliers |
| Q1 2026 | $5.35/SF | — | 0K SF | — | Cushman & Wakefield |
| Q3 2025 | — | 4.9% | 750K SF | — | Newmark |
| Q2 2025 | — | 5.1% | — | — | Newmark |
| Q2 2025 | — | 8.2% | 919K SF | — | Cushman & Wakefield |
| Q1 2025 | — | — | — | — | Cushman & Wakefield |
| Q4 2024 | — | — | 18.9M SF | — | Newmark |
| Q3 2024 | — | — | 18.0M SF | — | Newmark |
| Q2 2024 | — | — | 16.8M SF | — | Newmark |
| Q1 2024 | — | — | 15.7M SF | — | Newmark |
| Q4 2023 | — | 3.5% | 16.0M SF | — | Newmark |
| Q3 2023 | — | — | 14.5M SF | — | Newmark |
| Q2 2023 | — | — | -3.4M SF | — | Newmark |
| Q1 2023 | — | 3.1% | 3.2M SF | — | Newmark |
| Q4 2022 | — | 3.5% | 2.0M SF | — | Newmark |
| Q2 2022 | — | 3.5% | 1.8M SF | 5.0M SF | Newmark |
| Q4 2020 | — | 4.1% | — | — | Newmark |
| Q3 2019 | $6.00/SF | 4.3% | 0K SF | — | Cushman & Wakefield |
How the brokerage sources compare
For Q1 2026, the brokerages PropZone aggregates for Milwaukee industrial did not fully agree. Asking-rent estimates differ by $0.72/SF — from $5.35 to $6.07. PropZone reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Cushman & Wakefield | — | $5.35/SF | — |
| Colliers | 4.6% | — | — |
| CBRE | — | — | — |
| Newmark | — | $6.07/SF | — |
Per-brokerage figures for Q1 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for industrial space in Milwaukee?
- As of Q1 2026, the average asking rent for industrial space in Milwaukee was $6.07/SF, per Newmark.
- What is the industrial vacancy rate in Milwaukee?
- Vacancy data for Milwaukee industrial is aggregated from brokerage reports; refer to the quarterly table for available quarters.
- Where does PropZone's Milwaukee market data come from?
- This report aggregates quarterly industrial market data for Milwaukee from Newmark, CBRE, Colliers, Cushman & Wakefield.
- How much do brokerage estimates differ for industrial space in Milwaukee?
- For Q1 2026, the brokerage sources PropZone aggregates for Milwaukee did not fully agree. Asking-rent estimates differ by $0.72/SF — from $5.35 to $6.07. PropZone reconciles these into a single consensus median rather than relying on any one brokerage.