PARADIGM’s Industrial Real Estate Snapshot for Southeast Wisconsin The Southeast Wisconsin industrial real estate market remained strong in 2023, but softening demand from larger tenants along with over 10 million square feet of new construction, mostly in Kenosha, has caused a notable increase in the overall market vacancy rate from 4.4% Q3 2023 (Source: CARW/Catylist) to what will likely exceed 5% for Q4 2023. It’s important to note that availability of...
– MARKET NARRATIVE – It’s safe to say that industrial values have peaked, but have generally held strong. Despite more uncertainty in the overall commercial real estate market, both from a valuation and capital markets & liquidity standpoint, the industrial vacancy rate in Southeast Wisconsin remained stable at 3.6% in Quarter 2 of 2023. We are anticipating this percentage to inch up slightly in Q3 with some negative absorption we have...
IREM® Milwaukee Forecast Breakfast with PARADIGM Vice President & Partner, Matt Friedman Matt Friedman, Vice President & Partner of PARADIGM Real Estate Corp., presented the industrial market forecast at the IREM (Institute of Real Estate Management) Forecast Breakfast on Thursday, January 19th, 2023 in Milwaukee, Wisconsin. Watch Matt’s predictions for 2023. FEATURED LISTING in Oak Creek, WI TOTAL AVAILABLE: 52,600 SFMIN. DIVISIBLE: 30,000 SFLAND ACRES: 4.75 AcresZONING: M-1OFFICE: Build-to-suitPARKING: 40+ spacesCLEAR HEIGHT: 24’+ clearanceDOCK DOORS: 4 – 6...
Message from Brian Parrish, MBA, SIOR | President & CEO – FEATURED LISTING – High-Tech Manufacturing Facility FOR LEASE300,000 – 800,000 SF Build-to-Suit Industrial Space LEASE ACCOUNTING CHANGES & THE IMPACT ON COMMERCIAL REAL ESTATE Important changes: Issued in 2016, new lease standards now take effect that supersedes and replaces all prior standards and impact all companies*. What YOU need to KNOW: – All leases are reported on the balance sheet.– Entities to record...
