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Market Report

Milwaukee Industrial Investment Forecast

2022 Outlook

Milwaukee's Industrial Giants on Track to Expand;
Investors Flock to Waukesha County

Growing manufacturers keep space demand elevated. Coming off a booming 2021 Milwaukee's industrial sector is set for another year of positive performance. Area manufacturers entered this year ahead of pre-pandemic employment counts and other industrial-using sectors are poised to expand space needs in 2022 as retailers and businesses hold additional stock closer to consumers. Recent southeastern Wisconsin expansions by Amazon in tandem with industrial equipment giant Komatsu affirm area employers' confidence in the market's economic future. Commitments by larger entities should in turn spur leasing from smaller manufacturers and logistics providers they collaborate with. In addition to consistent leasing activity at existing facilities Milwaukee boasts some of the highest pre-leasing rates among Midwestern metros which will help mitigate a slight bump in vacancy expected this year. Despite nominal gains in availability marketed rents will recoup the previous year's losses to post a new year-end high in 2022.
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