Investment sales activity across Madison continued to firm through the first nine months of 2025, but the recovery remains uneven and highly selective by property type.
Milwaukee’s investment market continued to regain traction through the first nine months of 2025, with overall sales volume reaching a three-year high, though the recovery remains selective and highly price driven.
Prominent industrial leases signed by Jackson's Food Co., Flat Fee Shipping and BFG Supply negotiated by top dealmakers from Frontline Commercial Real Estate, Dickman Co. and Zilber Property Group are among the third-quarter industrial leases recognized by CoStar.
A prominent industrial deal handled by Cresa and an industrial disposition arranged by Property Advisory Group are among the top third-quarter property sales recognized by CoStar.
Prominent retail leases signed by Fun City Adventure, Walgreens and Spencer Gifts negotiated by top dealmakers from CBRE, R.J. Brunelli & Co. and Guiderock Commercial Realty are among the third-quarter retail leases recognized by CoStar.
Prominent office leases signed by the American Society of Gene & Cell Therapy, Henricksen and Mead and Hunt, negotiated by top dealmakers from JLL, Wangard Partners and Colliers, are among the third-quarter office leases recognized by CoStar.
Store Capital Corp. acquired a two-building, 338,726-square-foot industrial portfolio in Hartford, Wisconsin, for $24 million, or about $71 per square foot.
Madison’s multifamily market enters the last quarter of the year at an inflection point, with vacancy rising to 6.1% — a level not seen since mid-2018 and over twice the all-time low of 2.9% registered three years ago. However, it remains well below the national average of 8.2%, ranking 11th lowest across the 54 largest U.S. markets by inventory.
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.
While West Coast markets have borne the brunt of the trade war's fallout on supply chains this year, elevated space availability and weaker rent growth are quickly spreading across the country.
Milwaukee’s labor market saw its most substantial year-over-year employment losses in over four years as of July, and shifting growth areas could affect Milwaukee’s commercial real estate landscape.
In the first half of the year, new leasing volume in Milwaukee’s office market surpassed pre-pandemic norms, outperforming the broader national market and many other major U.S. markets, including all in the Midwest.
Through July, St. Louis, Chicago and Columbus significantly outperformed their Midwestern counterparts when comparing revenue per available room, or RevPAR.
Badger Property Services Investments has acquired a fully leased medical office building in Janesville, Wisconsin, from Kraemer Development for $5.45 million, representing $224 per square foot and a 7.27% capitalization rate.