The acquisition of property in Milwaukee is a common interest of many investors and renters as well. Home and property value changes from time to time, therefore a careful assessment is necessary in order to make an informed decision regarding the best time to buy and the right price to pay. The trends in the real estate market are a key indication of the best times to buy and sell or possibly rent in Milwaukee. Comparisons of monthly, quarterly, and annual changes typically help to set the trending scales for property value and prices. In order to know which investment opportunity is best for the time and property, close attention should be given to the rise and fall of the actual home prices and rental rates in the area.
Retail Property in Milwaukee
Current market trends reflect a rise in the average asking price per sq. ft. for the purchase of retail commercial properties when compared with the previous 3 months. This increase is upwards of 2%, while there is at least a 10% decrease in comparison to the last year. The county span list price for commercial properties is a bit more than 1% higher, reflecting a sq. ft. cost of $95 in comparison to the $81 per sq. ft. cost. Commercial properties are in demand for the Milwaukee area, and most investors are looking for long-term investments that are well worth the dollar amount required to obtain them. Investing in properties in the Milwaukee area can be a great move, as long as the market value is efficient.
Rental Property Trends
As of August, the average list price for industrial rentals in Milwaukee reflected an amount of $3.84 per sq. ft. This was a decline from the past 3 months of about 3%, as well as a decline of about the same amount from year to year. The county span of average rentals for industrial properties is almost 2% less, reflecting per sq. ft. cost of $3.98 annually. These are lease amounts that set the market trends in the current market. Retail commercial properties show a listing of $13.45 per sq. ft. per year. This amount reflects a decline of approximately 1% compared to the previous 3 months and a decrease of approximately 9% from year to year. The county-wide rental amounts are lower in Milwaukee at the amount of $14.38 per sq. ft. annually for commercial leases.
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