• The vacancy and availability rates in the Milwaukee market increased to 16.1% and 17.7%, respectively. The average asking lease rate decreased to $18.91 gross.

• The Milwaukee market negatively absorbed 273,220 sq. ft. of space.

• The sales volume of office properties increased in Q4 2020 to $219.8 million.

• The Huron Building at 511 N Broadway was completed in Q4 2020, adding 163,000 sq. ft. of additional office space to the Milwaukee market. It was approximately 50% leased at the time of delivery.