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Milwaukee’s multifamily market has turned a corner

Midwest-leading demand and rapidly cooling supply underpin the market’s recovery
By Brian Anderson
CoStar Analytics
September 24, 2025 | 7:55 P.M.

Milwaukee’s multifamily market is entering a decisive inflection point. Following the most intense supply wave the metropolitan area has ever seen, vacancy rates are beginning to compress from multidecade highs.

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