October 09, 2013

Milwaukee-area real estate markets improve in 3Q

The third quarter of 2013 was particularly strong for Milwaukee-area industrial real estate, but also brought improvements for office and retail properties, according to the Commercial Association of Realtors Wisconsin and Xceligent.

The quarter closed out with 1.4 million square feet of positive absorption for industrial buildings, for a 6 percent vacancy rate. Helping to drive the improvement was a 285,000-square-foot lease for PM Plastics in Hartland in a deal The Dickman Co. Inc. of Milwaukeeâ;€¦;

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