Report | Milwaukee Law Firm Outlook - 2015
Milwaukee law firms looking for large blocks of Class A space are challenged with availability. Rising construction costs are making it difficult for developers to build new Class A properties to satisfy demand.
For the first time in a decade, a new Class A development is under construction that appeals to law firms. Another project is reportedly in development that would soften market conditions even further.
In the shorter term, firms that are willing to consider Class B accommodations have options. Discounts for Class B properties are around 20 percent this year.
Our local Law Firm Perspective provides a thorough overview of the Milwaukee market to help you better shape your strategy. We explore conditions across Milwaukee’s submarkets, from rental rates—including TI allowances and discounts for Class B space—to demand among professional and business services firms.
(Click here to see an overview of 2015 national law firm trends and market comparisons.)
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