Milwaukee, WI industrial market
Milwaukee's industrial market is a buyer's and tenant's market right now - vacancy has climbed and rent growth has stalled, with average NNN asking rents sitting around $5.60-$7.00/SF/yr and sale prices ranging roughly $18 to $112/SF depending heavily on building age, clear height, and condition. The single most important thing an owner needs to know is that older, low-clear-height Milwaukee city buildings trade at deep discounts (under $30/SF) relative to suburban functional product near I-94 or I-41, so location and functional utility drive value more than square footage alone. The verified internal comp from Dallas, TX was excluded as it is in a different market.
What's driving Industrial prices in Milwaukee
Milwaukee industrial sale prices have been broadly flat-to-softening over the 2024-2026 window, with city-core functional assets declining modestly while well-located suburban warehouses near interstates have held value better.
- Functional obsolescence drag: older Milwaukee city-core buildings with sub-20-ft clear heights trade at steep $/SF discounts versus suburban spec product with 28-32 ft clears near I-94/I-41
- Large-block absorption: Krones Inc.'s 240,000 SF lease at 3617 W. Oakwood Rd drove Milwaukee County's only positive Q1 2026 net absorption in Southeast Wisconsin, masking soft conditions in mid-bay and small-bay product
- Rising vacancy in mid-size bay product (25,000-150,000 SF) is pressuring asking rents and extending marketing times for city-infill industrial buildings
Market intelligence
Tracking this market since Aug 2026 · 8 comps · 12-month median $62/SF · latest deal Jul 2026.
This quarter: 3 comps added to our corpus in Q3 2026. Trend medians use closed-deal dates from our growing comp corpus; automated estimates, not an appraisal.
Where these comps are
Pins are geocoded from each comp's public address, so positions are approximate. Comps quoted at the submarket level aren't pinned.
Recent Industrial comps in Milwaukee, WI
| Address | Date | Type | Size (SF) | Clear Height | Dock Doors | Price / Rate | $/SF | Tenancy | Year Built |
|---|---|---|---|---|---|---|---|---|---|
| 3282 N 35th St, Milwaukee, WI 53216 news | May 2026 | Sale | 106500 | Owner-user - City of Milwaukee (future Dept. of Public Works facility) | |||||
| 3617 W Oakwood Rd, Franklin, WI 53132 news | Q1 2026 | Lease | 240000 | Single-tenant NNN - Krones Inc. (packaging/bottling systems manufacturer, North American logistics hub) | |||||
| 3100 W Concordia Ave, Milwaukee, WI 53206 listing | Jul 2026 | Sale | 107162 | 14 ft / 32 ft / 37 ft / 41 ft (varies by section) | 2 dock-high, 5 grade-level drive-in | $1,975,000 | $18 | Vacant | 1908 |
| 2101-2201 W Purdue St, Milwaukee, WI 53208 estimate | Jun 2026 | Sale | 78747 | Vacant | |||||
| 7200 S 1st St, Oak Creek, WI 53154 listing | 2026 | Sale | 143000 | $16,000,000 | $112 | 1992 | |||
| Milwaukee, WI 53225 (NW Milwaukee) estimate | 2026 | Sale | 75294 | $3,950,000 | $52 | 1956 | |||
| 120,317 SF Warehouse, NW Milwaukee Industrial Corridor, Milwaukee, WI estimate | Jul 2026 | Sale | 120317 | 27 ft 8 in | 12 dock-high, 2 grade-level drive-in | $7,498,558 | $62 | Vacant | 1979 |
| 98,334 SF Industrial Building, Oak Creek, WI 53154 estimate | 2026 | Sale | 98334 | $6,875,000 | $70 | 1994 | |||
| Median of 5 recent sales · $62/SF | $62 | ||||||||
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Figures are automated estimates derived from public listings, records, and brokerage announcements for Milwaukee, WI, not an appraisal or a broker opinion of value. Verify independently before relying on them. CompNinja connects owners with licensed local brokers; it is not a brokerage.