First Business

April 25, 2013

Milwaukee apartment rents expected to climb

The opening of 1,000 new apartments in the Milwaukee area this year will slightly boost vacancy rates, but rental rates are expected to grow 4 percent, reaching $934 a month by yearâ;€™s end, according to Marcus & Millichap.

Overall, the apartment market got positive reviews from the companyâ;€™s report for the second quarter of 2013.

Employment in Milwaukee is expected to rise, generating people to fill apartments. But vacancies are to increase to 3.5 percent, which is still a low number. Thereâ;€¦;

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