3Q2017|Mi l wa uk e e|I ndus t r i a l
Ma r k e tOv e r v i e w T heMi l wa uk e ei ndus t r i a l ma r k e tr e c or de d1, 681, 728s qua r e f e e t( s f )ofpos iv ea bs or p ondur i ng3Q2017. Abs or p onwa s upf r om723, 516s fr e c or de ddur i ng3Q2016. T het ot a l v a c a nc y r a t eha sde c r e a s e df r om4. 0%i n3Q2016t o3. 7%a tt hec l os e of3Q2017. Di r e c tv a c a nc yr a t ede c r e a s e d20ba s i spoi nt sf r om l a s tqua r t e rt o3. 7%. We i g ht e da v e r a g er e ntg r owt hc on nue d t oi mpr ov edur i ng3Q2017e s pe c i a l l yi nl i g hti ndus t r i a l pr ope re si na l l Wa uk e s has ubma r k e t s , Ra c i nea ndOz a uk e e . We i g ht e da v e r a g ea s k i ngr e nt si nc r e a s e d3. 6%t o$4. 56pe rs f NNNf r om3Q2016.
Ma r k e tHi g hl i g ht s T heMi l wa uk e ei ndus t r i a l ma r k e te x pe r i e nc e dov e r1. 6ms fof pos iv ea bs or p ondur i ng3Q2017, doubl et hea mountof s pa c ea bs or be ddur i ng3Q2016. Ne a r l yha l foft hea bs or p on t hi squa r t e rc a mef r omowne r / us e r st a k i nga ddiona l s pa c eoff ma r k e tf ort he i rownus e . T hel a r g e s tl e a s et r a ns a cont hi s qua r t e rwa sJ ohns onHe a l t hT e c ht a k i ng209, 151s fa t1333 Gr a ndv i e wPa r k wa yi nt heRa c i nes ubma r k e t . Cons t r uconi s sl l g oi ngs t r ong , wi t h1. 3ms fc ur r e nt l yunde rwa yi n S out he a s tWi s c ons i n, 55pe r c e ntoft het ot a l be i ngs pe c ul av e de v e l opme nt s . T heMi l wa uk e ei ndus t r i a l ma r k e tc on nue st o g a i nmome nt uma sT a i wa ne s ee l e c t r oni c sma nuf a c t ur e r F ox c onnT e c hnol og i e sa nnounc e sapr opos e d$10bi l l i ondol l a r c a mpus , whi c hha st hepot e na l t oa ddov e r10ms fofne w i ndus t r i a l s pa c et ot hema r k e t .
Mi l wa uk e eE mpl oy me nt S our c e : BL S
800
6. 0%
600
4. 0%
400
2. 0% J ul y2017
Apr i l 2017
0. 0% F e br ua r y2017
De c e mbe r2016
Oc t obe r2016
J une2016
Aug us t2016
Apr i l 2016
F e br ua r y2016
Oc t obe r2015
De c e mbe r2015
Aug us t2015
J une2015
Apr i l 2015
200 F e br ua r y2015
Ac c or di ngt ot heBur e a uofL a borS t a sc s , t heune mpl oy me nt r a t ef ort heMi l wa uk e eme t r opol i t a ns t a sc a l a r e a( MS A) de c r e a s e d90ba s i spoi nt sf r om4. 7%i nAug us t2016t o3. 8%i n Aug us t2017. Une mpl oy me ntr a t ef ort heUSwa sr e por t e da t 4. 4%i nAug us t2017, upf r om3. 4%f ort hes t a t eofWi s c ons i n. Whi l et heMi l wa uk e eMS As a wmi ni ma l j obg r owt hov e rt he pa s ty e a r , t hema r k e tg a i ne dov e r1, 100ma nuf a c t ur i ngj obs dur i ngt hes a mepe r i od.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ma r k e tRe c a p 279, 637, 652
I nv e nt or y( s f )
4, 361
#ofBl dg s
1, 681, 728
Qr t l yAbs( s f )
6. 5%
T ot a l Av a i l Ra t e
3. 7% 1, 430, 540 0
T ot a l Va c a nc yRa t e U/ CI nv e nt or y( s f )
251, 000
De l i v e r e d( s f ) We i g ht e dAv e r a g eAs k i ngRa t e( NNN)
$4. 56
Abs or p ona ndVa c a nc yRa t e Qr t l yAbs( s f )
T ot a l Va c a nc yRa t e
2000K 4. 0% T ot a l Qua r t e r l y Abs or p on
E c onomi cOv e r v i e w
1500K
3. 0%
1000K
2. 0%
500K
1. 0%
0K
0. 0% 3Q2016 4Q2016 1Q2017 2Q2017 3Q2017
3Q2017Ma r k e tT r e nds© 2017byXc e l i g e nt , I nc .Al l Ri g ht sRe s e r v e d.
- BUILDINGDATA.EVERYWHERE.
3Q2017|Mi l wa uk e e|I ndus t r i a l Ov e r v i e wbyS pe c i ficUs e( T ot a l ) S pe c i ficUs e
Qr t l yAbs( s f )
Y T DNe tAbs( s f )
F l e x
45, 134, 045
3, 147, 094
1, 556, 685
3. 4%
77, 282
524, 720
L tI nd
122, 456, 278
6, 154, 309
2, 934, 403
2. 4%
650, 312
914, 390
Mf g
36, 663, 739
1, 889, 281
1, 456, 598
4. 0%
59, 058
84, 878
Whs e / Di s t Ov er a l l
I nv e nt or y( s f )
Av a i l ( s f )
Va c a nt( s f )
Va c a nc yRa t e
75, 383, 590
7, 067, 405
4, 321, 001
5. 7%
895, 076
2, 868, 096
279, 637, 652
18, 258, 089
10, 268, 687
3. 7%
1, 681, 728
4, 222, 328
Ov e r v i e wbyMa r k e t( T ot a l ) Ma r k e tNa me Ke nos ha
MKE DT
S pe c i ficUs e F l e x
0. 2%
11, 000
86, 500
Mf g
3, 092, 167
173, 165
173, 165
5. 6%
0
0
Whs e / Di s t
14, 947, 665
1, 063, 947
962, 488
6. 4%
15, 000
1, 514, 748
S ubt ot a l
28, 679, 027
2, 042, 888
1, 204, 406
4. 2%
4, 000
1, 603, 505
314, 465
31, 926
31, 926
10. 2%
10, 000
12, 000
L tI nd
6, 515, 732
178, 034
115, 234
1. 8%
15, 000
74, 759
Mf g
2, 463, 475
200, 500
200, 500
8. 1%
28, 832
28, 832
2, 741, 321
345, 940
195, 940
7. 1%
42, 760
103, 320
12, 034, 993
756, 400
543, 600
4. 5%
96, 592
194, 911
F l e x
704, 967
53, 160
53, 160
7. 5%
0
9, 478
L tI nd
4, 373, 501
346, 626
224, 597
5. 1%
9, 000
58, 283
Mf g
1, 540, 475
331, 047
331, 047
21. 5%
0
0
Whs e / Di s t
2, 845, 700
650, 292
538, 954
18. 9%
116, 580
197, 542
S ubt ot a l
9, 464, 643
1, 381, 125
1, 147, 758
12. 1%
107, 580
148, 737
F l e x
1, 011, 216
65, 491
0
0. 0%
3, 172
0
L tI nd
4, 029, 204
138, 028
34, 000
0. 8%
9, 219
23, 956
447, 519
367, 994
213, 194
47. 6%
0
69, 155
Whs e / Di s t
2, 645, 258
306, 234
292, 234
11. 0%
0
22, 760
S ubt ot a l
8, 133, 197
877, 747
539, 428
6. 6%
12, 391
115, 871
F l e x
3, 033, 787
377, 016
203, 397
6. 7%
8, 090
20, 401
L tI nd
8, 757, 849
328, 568
81, 587
0. 9%
3, 620
160, 685
349, 262
0
0
0. 0%
0
0
6, 293, 297
665, 126
270, 438
4. 3%
0
93, 480
18, 434, 195
1, 370, 710
555, 422
3. 0%
4, 470
46, 804
F l e x
Whs e / Di s t S ubt ot a l F l e x
1, 071, 100
34, 544
15, 400
1. 4%
15, 000
114, 240
L tI nd
3, 395, 976
282, 511
120, 619
3. 6%
9, 500
19, 021
Mf g
3, 407, 800
0
0
0. 0%
47, 000
47, 000
2, 884, 234
611, 501
514, 289
17. 8%
52, 085
201, 259
10, 759, 110
928, 556
650, 308
6. 0%
123, 585
381, 520
Whs e / Di s t S ubt ot a l MKE S out h
F l e x S ubt ot a l
Ov er a l l
Qr t l yAbs( s f ) Y T DNe tAbs( s f ) 0 2, 257
18, 324
Mf g
MKE S . Ce nt r a l
Va c a nc yRa t e 2. 3%
590, 442
Mf g
MKE NW
Va c a nt( s f ) 50, 429
8, 443, 371
S ubt ot a l
MKE N. S hor e
Av a i l ( s f ) 215, 334
L tI nd
Whs e / Di s t MKE N. Ce nt r a l
I nv e nt or y( s f ) 2, 195, 824
5, 079, 923
382, 252
226, 637
4. 5%
6, 992
28, 372
30, 254, 112
2, 544, 694
1, 182, 039
3. 9%
19, 984
15, 610
279, 637, 652
18, 258, 089
10, 268, 687
3. 7%
1, 681, 728
4, 222, 328
3Q2017Ma r k e tT r e nds© 2017byXc e l i g e nt , I nc .Al l Ri g ht sRe s e r v e d.
BUI L DI NGDAT A.E VE RYWHE RE .
3Q2017|Mi l wa uk e e|I ndus t r i a l Ov e r v i e wbyMa r k e t( T ot a l )Cont ' d Ma r k e tNa me
S pe c i ficUs e
I nv e nt or y( s f )
Av a i l ( s f )
Va c a nt( s f )
MKE S out h
L tI nd Mf g Whs e / Di s t S ubt ot a l F l e x L tI nd Mf g Whs e / Di s t S ubt ot a l F l e x L tI nd Mf g Whs e / Di s t S ubt ot a l F l e x L tI nd Mf g Whs e / Di s t S ubt ot a l F l e x L tI nd Mf g Whs e / Di s t S ubt ot a l F l e x L tI nd Mf g Whs e / Di s t S ubt ot a l F l e x L tI nd Mf g Whs e / Di s t S ubt ot a l F l e x L tI nd Mf g Whs e / Di s t S ubt ot a l F l e x L tI nd Mf g Whs e / Di s t S ubt ot a l F l e x L tI nd Mf g Whs e / Di s t S ubt ot a l F l e x L tI nd Mf g Whs e / Di s t S ubt ot a l
11, 406, 600 3, 273, 909 10, 493, 680 30, 254, 112 711, 052 2, 934, 961 1, 155, 220 804, 988 5, 606, 221 2, 565, 992 4, 970, 582 3, 102, 621 1, 268, 762 11, 907, 957 1, 457, 537 18, 001, 431 4, 240, 144 5, 415, 886 29, 114, 998 2, 656, 199 5, 354, 384 4, 286, 648 2, 478, 006 14, 775, 237 8, 315, 331 7, 677, 217 1, 697, 393 4, 139, 934 21, 829, 875 2, 421, 461 8, 961, 882 1, 012, 786 6, 382, 492 18, 778, 621 2, 294, 455 9, 229, 061 230, 524 3, 373, 735 15, 127, 775 3, 757, 892 5, 752, 686 3, 276, 550 3, 395, 044 16, 182, 172 857, 633 6, 002, 876 326, 322 1, 582, 680 8, 769, 511 6, 685, 211 6, 648, 965 2, 760, 924 3, 690, 908 19, 786, 008 279, 637, 652
669, 432 552, 381 940, 629 2, 544, 694 10, 500 44, 535 14, 475 458, 000 527, 510 389, 212 306, 953 5, 127 18, 200 719, 492 61, 162 1, 093, 082 80, 000 496, 939 1, 731, 183 59, 800 348, 464 0 28, 000 436, 264 601, 428 232, 331 16, 774 208, 671 1, 059, 204 101, 887 457, 737 43, 362 396, 670 999, 656 112, 234 311, 952 0 173, 042 597, 228 149, 651 264, 441 36, 462 386, 242 836, 796 19, 370 333, 378 67, 994 55, 700 476, 442 482, 127 227, 795 0 262, 272 972, 194 18, 258, 089
289, 884 402, 381 263, 137 1, 182, 039 10, 500 44, 535 14, 475 0 69, 510 306, 727 286, 553 0 0 593, 280 0 501, 429 80, 000 496, 939 1, 078, 368 59, 800 348, 464 0 0 408, 264 309, 089 148, 393 16, 774 182, 971 657, 227 61, 407 166, 248 0 140, 601 368, 256 36, 358 116, 720 0 64, 566 217, 644 24, 605 238, 978 25, 062 282, 744 571, 389 19, 370 125, 463 0 55, 700 200, 533 147, 880 73, 375 0 60, 000 281, 255 10, 268, 687
MKE We s t
Oz a uk e e
Ra c i ne
S he boy g a n
WAKNE
WAKNW
WAKS E
WAKS W
Wa l wor t h
Wa s hi ng t on
Ov er a l l
3Q2017Ma r k e tT r e nds© 2017byXc e l i g e nt , I nc .Al l Ri g ht sRe s e r v e d.
Va c a nc yRa t e 2. 5% 12. 3% 2. 5% 3. 9% 1. 5% 1. 5% 1. 3% 0. 0% 1. 2% 12. 0% 5. 8% 0. 0% 0. 0% 5. 0% 0. 0% 2. 8% 1. 9% 9. 2% 3. 7% 2. 3% 6. 5% 0. 0% 0. 0% 2. 8% 3. 7% 1. 9% 1. 0% 4. 4% 3. 0% 2. 5% 1. 9% 0. 0% 2. 2% 2. 0% 1. 6% 1. 3% 0. 0% 1. 9% 1. 4% 0. 7% 4. 2% 0. 8% 8. 3% 3. 5% 2. 3% 2. 1% 0. 0% 3. 5% 2. 3% 2. 2% 1. 1% 0. 0% 1. 6% 1. 4% 3. 7%
Qr t l yAbs( s f ) Y T DNe tAbs( s f ) 4, 492 0 8, 500 19, 984 0 0 0 0 0 2, 015 193, 000 0 0 195, 015 4, 058 25, 620 0 209, 151 238, 829 0 28, 000 0 0 28, 000 23, 050 182, 279 16, 774 0 142, 455 2, 498 7, 890 0 0 5, 392 79, 810 70, 937 0 0 150, 747 36, 577 69, 626 0 0 106, 203 19, 370 35, 423 0 86, 000 102, 053 13, 350 2, 690 0 412, 000 401, 340 1, 681, 728
135, 759 153, 594 26, 147 15, 610 6, 014 20, 700 0 0 26, 714 209, 874 135, 288 0 0 345, 162 127, 931 115, 696 0 331, 146 343, 381 4, 000 28, 000 0 0 32, 000 48, 338 99, 585 16, 774 85, 151 50, 678 3, 123 112, 666 81, 000 42, 788 147, 755 115, 423 52, 778 0 23, 614 144, 587 18, 195 88, 256 2, 187 158, 389 262, 653 19, 370 58, 823 0 222, 000 261, 453 4, 196 80, 905 0 433, 632 518, 733 4, 222, 328
BUI L DI NGDAT A.E VE RYWHE RE .
3Q2017|Mi l wa uk e e|I ndus t r i a l Cons t r uconbyMa r k e t
Ra c i ne 1
T ot a l Av a i l a bl ea ndVa c a nt
MKE S out h 2
Av a i l ( s f )
Ke nos ha 3 WAKNW 4
Va c a nt( s f )
20M 15M
1, 430, 540
10M 5M 0M 3Q2016
4Q2016
1Q2017
2Q2017
3Q2017
Va c a nc yRa t e T ot a l 3Q2016
4Q2016
Di r e c t
S ubl e a s e
1Q2017
2Q2017
3Q2017
Va c a nc y%
4. 0% 3. 0% 2. 0% 1. 0% 0. 0%
Ov e r v i e wbyS pe c i ficUs e( Di r e c t ) S pe c i ficUs e
I nv e nt or y( s f )
Av a i l ( s f )
Va c a nt( s f )
Va c a nc yRa t e
Qt r l yAbs( s f )
Y T DNe tAbs( s f )
F l e x
45, 134, 045
2, 851, 072
1, 511, 206
3. 3%
77, 282
479, 853
L tI nd
122, 456, 278
6, 039, 909
2, 934, 403
2. 4%
642, 212
914, 390
Mf g
36, 663, 739
1, 889, 281
1, 456, 598
4. 0%
59, 058
107, 753
Whs e / Di s t
75, 383, 590
6, 901, 047
4, 299, 588
5. 7%
895, 076
2, 889, 509
279, 637, 652
17, 681, 309
10, 201, 795
3. 6%
1, 673, 628
4, 175, 999
Va c a nt( s f ) 45, 479
Va c a nc yRa t e 0. 1%
Qr t l yAbs( s f ) 0
Y T DNe tAbs( s f ) 44, 867
0
0. 0%
8, 100
0
Ov e r a l l
Ov e r v i e wbyS pe c i ficUs e( S ubl e a s e ) S pe c i ficUs e F l e x
I nv e nt or y( s f ) 45, 134, 045
Av a i l ( s f ) 296, 022
L tI nd
122, 456, 278
114, 400
Mf g
36, 663, 739
0
0
0. 0%
0
22, 875
Whs e / Di s t
75, 383, 590
166, 358
21, 413
0. 0%
0
21, 413
279, 637, 652
576, 780
66, 892
0. 0%
8, 100
46, 329
Ov e r a l l
3Q2017Ma r k e tT r e nds© 2017byXc e l i g e nt , I nc .Al l Ri g ht sRe s e r v e d.
BUI L DI NGDAT A.E VE RYWHE RE .
3Q2017|Mi l wa uk e e|I ndus t r i a l
Di r e c tVa c a nc yRa t e s Qua r t e rY e a r
12. 0%
3Q2016 4Q2016 1Q2017 2Q2017 3Q2017 0. 5% 0. 3% 1. 2% 0. 2% 0. 2% 0. 5% 0. 3% 0. 3% 0. 3% 0. 2% 5. 6% 5. 6% 5. 6% 5. 6% 5. 6% 3. 0% 6. 2% 4. 8% 6. 4% 6. 4% 6. 3% 6. 3% 6. 3% 13. 3% 10. 2% 3. 5% 3. 4% 2. 2% 2. 0% 1. 8% 11. 9% 11. 9% 9. 3% 9. 3% 8. 1% 9. 5% 8. 2% 8. 7% 8. 4% 7. 1% 10. 5% 8. 9% 8. 9% 7. 5% 7. 5% 1. 8% 3. 8% 4. 9% 4. 9% 5. 1% 21. 5% 21. 5% 21. 5% 21. 5% 21. 5% 22. 3% 25. 9% 26. 6% 23. 0% 18. 9% 0. 0% 0. 0% 0. 0% 0. 3% 0. 0% 0. 2% 0. 2% 0. 1% 1. 1% 0. 8% 32. 2% 32. 2% 47. 6% 47. 6% 47. 6% 7. 0% 10. 2% 10. 1% 11. 0% 11. 0% 6. 3% 6. 0% 6. 0% 6. 4% 6. 7% 1. 2% 2. 7% 1. 0% 1. 0% 0. 9% 0. 0% 0. 0% 0. 0% 0. 0% 0. 0% 3. 4% 3. 3% 5. 1% 4. 5% 4. 0% 4. 6% 4. 7% 4. 7% 2. 8% 1. 4% 4. 4% 4. 2% 5. 0% 3. 7% 3. 6% 0. 0% 0. 0% 0. 0% 0. 0% 0. 0% 24. 7% 24. 7% 25. 4% 19. 6% 17. 8% 5. 1% 5. 0% 4. 6% 4. 3% 4. 5% 3. 3% 3. 7% 2. 6% 2. 5% 2. 5% 4. 1% 7. 7% 7. 7% 12. 3% 12. 3% 1. 0% 1. 0% 1. 0% 2. 4% 2. 5% 0. 6% 0. 6% 1. 3% 1. 5% 1. 5% 1. 0% 0. 8% 1. 5% 1. 5% 1. 5% 1. 3% 1. 3% 1. 3% 1. 3% 1. 3% 0. 0% 0. 0% 0. 0% 0. 0% 0. 0% 19. 2% 19. 1% 18. 8% 12. 0% 12. 0% 8. 3% 8. 3% 9. 6% 9. 6% 5. 8% 0. 0% 0. 0% 0. 0% 0. 0% 0. 0% 0. 0% 0. 0% 0. 0% 0. 0% 0. 0% 9. 2% 9. 2% 8. 4% 0. 3% 0. 0% 2. 3% 2. 1% 2. 3% 2. 9% 2. 8% 1. 4% 1. 9% 1. 9% 1. 9% 1. 9% 15. 5% 13. 2% 13. 4% 13. 4% 9. 2% 2. 2% 2. 4% 2. 3% 2. 3% 2. 3% 5. 8% 6. 5% 6. 5% 6. 5% 6. 5% 0. 0% 0. 0% 0. 0% 0. 0% 0. 0% 0. 0% 0. 0% 0. 0% 0. 0% 0. 0% 2. 6% 3. 0% 3. 6% 3. 4% 3. 7% 1. 7% 1. 3% 1. 9% 2. 4% 1. 9% 0. 0% 0. 0% 0. 0% 0. 0% 1. 0% 2. 3% 2. 4% 3. 6% 4. 4% 4. 4% 2. 6% 2. 2% 2. 2% 2. 4% 2. 5% 3. 5% 3. 1% 3. 1% 1. 9% 1. 9% 0. 0% 0. 0% 0. 0% 0. 0% 0. 0% 2. 4% 1. 6% 2. 3% 2. 2% 2. 2% 3. 9% 5. 6% 5. 7% 5. 1% 1. 6% 0. 2% 1. 8% 2. 2% 2. 0% 1. 3% 0. 0% 0. 0% 0. 0% 0. 0% 0. 0% 1. 3% 1. 3% 1. 9% 1. 9% 1. 9% 1. 0% 1. 1% 1. 8% 1. 6% 0. 7% 5. 7% 5. 7% 5. 1% 5. 4% 4. 2% 0. 0% 0. 0% 0. 0% 0. 8% 0. 8% 13. 2% 13. 0% 8. 3% 8. 3% 8. 3% 0. 0% 0. 0% 0. 0% 0. 0% 2. 3% 3. 1% 3. 1% 2. 7% 2. 7% 2. 1% 0. 0% 0. 0% 0. 0% 0. 0% 0. 0% 10. 3% 14. 0% 14. 0% 5. 0% 3. 5% 2. 4% 2. 3% 2. 2% 2. 0% 2. 2% 0. 7% 0. 9% 0. 7% 1. 1% 1. 1% 0. 0% 0. 0% 0. 0% 0. 0% 0. 0% 12. 6% 12. 6% 12. 0% 12. 0% 1. 6% 3. 9% 4. 3% 4. 2% 4. 1% 3. 6%
10. 0%
3Q2017Ma r k e tT r e nds© 2017byXc e l i g e nt , I nc .Al l Ri g ht sRe s e r v e d.
8. 0% 6. 0%
Wa s hi ng t on
Wa l wor t h
WAKS W
WAKS E
WAKNW
WAKNE
S he boy g a n
Ra c i ne
Oz a uk e e
MKE We s t
MKE S out h
MKE S . Ce nt r a l
MKE NW
MKE N. S hor e
2. 0% 0. 0%
MKE N. Ce nt r a l
4. 0%
Ke nos ha
Ma r k e tNa me S pe c i ficUs e F l e x Ke nos ha L tI nd Mf g Whs e / Di s t F l e x MKE DT L tI nd Mf g Whs e / Di s t l e x MKE N. Ce nt r a lF L tI nd Mf g Whs e / Di s t l e x MKE N. S hor e F L tI nd Mf g Whs e / Di s t F l e x MKE NW L tI nd Mf g Whs e / Di s t l e x MKE S . Ce nt r a lF L tI nd Mf g Whs e / Di s t F l e x MKE S out h L tI nd Mf g Whs e / Di s t F l e x MKE We s t L tI nd Mf g Whs e / Di s t F l e x Oz a uk e e L tI nd Mf g Whs e / Di s t F l e x Ra c i ne L tI nd Mf g Whs e / Di s t F l e x S he boy g a n L tI nd Mf g Whs e / Di s t F l e x WAKNE L tI nd Mf g Whs e / Di s t F l e x WAKNW L tI nd Mf g Whs e / Di s t F l e x WAKS E L tI nd Mf g Whs e / Di s t F l e x WAKS W L tI nd Mf g Whs e / Di s t F l e x Wa l wor t h L tI nd Mf g Whs e / Di s t F l e x Wa s hi ng t on L tI nd Mf g Whs e / Di s t Ov er a l l
ByMa r k e t
MKE DT
ByMa r k e ta ndS pe c i ficUs e
Mi l wa uk e eByS pe c i ficUs e F l e x
L tI nd
Mf g
Whs e / Di s t
7. 0% 6. 0% 5. 0% 4. 0% 3. 0% 2. 0% 1. 0% 0. 0% 3Q2016
4Q2016
1Q2017
2Q2017
3Q2017
Na ona l byS pe c i ficUs e F l e x
L tI nd
Mf g
Whs e / Di s t
8. 0% 7. 0% 6. 0% 5. 0% 4. 0% 3. 0% 2. 0% 1. 0% 3Q2016
4Q2016
1Q2017
2Q2017
3Q2017
BUI L DI NGDAT A.E VE RYWHE RE .
3Q2017|Mi l wa uk e e|I ndus t r i a l
Di r e c tWe i g ht e dAv e r a g eAs k i ngRa t e s( NNN) $6. 00
3Q2016 4Q2016 1Q2017 2Q2017 3Q2017 $6. 97 $6. 78 $6. 78 $8. 75 $8. 75 $4. 08 $4. 08 $4. 19 $4. 20 $4. 10 $5. 25 $5. 25 $5. 25 $5. 25 $5. 25 $4. 64 $4. 64 $4. 75 $4. 91 $4. 91 $14. 50 $14. 50 $14. 50 $15. 88 $16. 50 $3. 22 $3. 00 $3. 00 $3. 00 $5. 19 $2. 75 $2. 48 $2. 29 $2. 84 $2. 84 $3. 75 $6. 75 $6. 75 $6. 75 $6. 75 $6. 75 $3. 57 $4. 04 $4. 97 $5. 14 $5. 14 $2. 75 $2. 75 $3. 00 $3. 00 $3. 00 $1. 61 $2. 10 $2. 32 $1. 98 $1. 97 $6. 25 $6. 25 $6. 25 $4. 90 $4. 97 $4. 72 $4. 65 $4. 19 $5. 72 $3. 50 $4. 50 $4. 50 $4. 50 $4. 29 $4. 29 $3. 45 $3. 11 $3. 11 $3. 11 $3. 11 $4. 33 $3. 51 $4. 74 $4. 64 $3. 85 $3. 60 $3. 69 $3. 74 $3. 60 $4. 46 $4. 17 $4. 26 $4. 27 $4. 23 $4. 32 $5. 14 $4. 85 $3. 22 $3. 22 $3. 76 $3. 42 $3. 56 $3. 58 $3. 57 $3. 59 $4. 74 $4. 74 $4. 53 $5. 27 $5. 90 $4. 56 $5. 15 $5. 07 $5. 30 $5. 31 $4. 16 $4. 10 $3. 99 $3. 62 $4. 20 $5. 93 $5. 65 $6. 07 $5. 42 $5. 36 $4. 58 $4. 70 $4. 90 $4. 30 $4. 30 $8. 50 $5. 59 $5. 00 $4. 42 $4. 65 $4. 65 $3. 50 $3. 50 $3. 50 $4. 75 $4. 75 $4. 75 $4. 75 $4. 75 $3. 80 $2. 91 $2. 91 $3. 27 $3. 27 $4. 78 $5. 78 $6. 12 $6. 12 $6. 27 - $6. 63 $5. 38 $5. 27 $5. 27 $4. 97 $5. 00 $4. 93 $3. 87 $4. 26 $3. 87 $4. 07 $4. 45 $4. 59 $4. 44 $4. 69 $4. 72 $4. 50 $5. 95 $5. 95 $5. 95 $5. 95 $5. 54 $5. 47 $5. 33 $5. 71 $5. 91 $4. 83 $4. 73 $4. 92 $5. 65 $5. 46 $4. 65 $4. 31 $4. 25 $4. 29 $4. 33 $5. 61 $6. 36 $6. 57 $6. 15 $6. 39 $5. 27 $4. 96 $5. 10 $5. 61 $5. 19 - $4. 75 $5. 05 $5. 14 $5. 05 $5. 22 $5. 22 $5. 73 $5. 72 $5. 08 $4. 87 $5. 61 $5. 41 $6. 38 $6. 34 $6. 26 $6. 02 $4. 92 $4. 92 $4. 92 $4. 92 $4. 92 $6. 42 $6. 67 $6. 75 $6. 92 $6. 60 $5. 54 $5. 73 $5. 76 $5. 67 $4. 40 $5. 00 $5. 00 $5. 00 $5. 00 $5. 25 $5. 05 $4. 83 $4. 69 $4. 83 $3. 49 $3. 57 $3. 27 $3. 30 $3. 33 $3. 73 $3. 73 $3. 65 $4. 00 $5. 83 $5. 70 $5. 75 $5. 76 $5. 68 $5. 57 $5. 91 $5. 97 $5. 62 $5. 35 $6. 45 $6. 36 $6. 25 $6. 34 $6. 40 $4. 40 $4. 41 $4. 47 $4. 55 $4. 56
$5. 00
3Q2017Ma r k e tT r e nds© 2017byXc e l i g e nt , I nc .Al l Ri g ht sRe s e r v e d.
$4. 00 $3. 00
Wa s hi ng t on
Wa l wor t h
WAKS W
WAKS E
WAKNW
WAKNE
S he boy g a n
Ra c i ne
Oz a uk e e
MKE We s t
MKE S out h
MKE S . Ce nt r a l
MKE NW
$1. 00 $0. 00
MKE N. S hor e
$2. 00
MKE N. Ce nt r a l
S pe c i ficUs e F l e x L tI nd Mf g Whs e / Di s t F l e x MKE DT L tI nd Mf g Whs e / Di s t l e x MKE N. Ce nt r a l F L tI nd Mf g Whs e / Di s t F l e x MKE N. S hor e L tI nd Mf g Whs e / Di s t F l e x MKE NW L tI nd Mf g Whs e / Di s t l e x MKE S . Ce nt r a l F L tI nd Mf g Whs e / Di s t F l e x MKE S out h L tI nd Mf g Whs e / Di s t F l e x MKE We s t L tI nd Mf g Whs e / Di s t F l e x Oz a uk e e L tI nd Mf g Whs e / Di s t F l e x Ra c i ne L tI nd Mf g Whs e / Di s t F l e x S he boy g a n L tI nd Mf g Whs e / Di s t F l e x WAKNE L tI nd Mf g Whs e / Di s t F l e x WAKNW L tI nd Mf g Whs e / Di s t F l e x WAKS E L tI nd Mf g Whs e / Di s t F l e x WAKS W L tI nd Mf g Whs e / Di s t F l e x Wa l wor t h L tI nd Mf g Whs e / Di s t F l e x Wa s hi ng t on L tI nd Mf g Whs e / Di s t Ov er a l l
Qua r t e rY e a r
Ke nos ha
Ma r k e tNa me Ke nos ha
ByMa r k e t
MKE DT
ByMa r k e ta ndS pe c i ficUs e
Mi l wa uk e ebyS pe c i ficUs e F l e x
L tI nd
Mf g
Whs e / Di s t
$5. 50
$5. 00
$4. 50
$4. 00 3Q2016
4Q2016
1Q2017
2Q2017
3Q2017
Na ona l byS pe c i ficUs e F l e x
L tI nd
Mf g
Whs e / Di s t
4Q2016
1Q2017
$7. 00 $6. 00 $5. 00 $4. 00
3Q2016
2Q2017
3Q2017
BUI L DI NGDAT A.E VE RYWHE RE .
3Q2017|Mi l wa uk e e|I ndus t r i a l Abs or p onMa p
Ne g av e
Pos iv e
L a r g e s tPos iv e s( T ot a l ) Pr ope r t y Na me 201210S e c ondS t
S i g ni fic a ntT r a ns a cons Owne roc c upi e d
Ma r k e tNa me Wa s hi ng t on
S pe c i ficUs e Whs e / Di s t
380, 000
1333Gr a ndv i e wPk wy
J ohns onHe a l t hT e c h
Ra c i ne
Whs e / Di s t
209, 151
500NS pr i ngS t
Owne roc c upi e d
Oz a uk e e
L tI nd
180, 000
E RWa g ne rF a c i l i t y
Cons t r uconc ompl e t e d( E . R. Wa g ne r )
WAKNE
L tI nd
153, 000
944N45t hS t
S pa c et a k e nOT M
MKE N. Ce nt r a l
Whs e / Di s t
111, 000
1849HobbsDr
Cons t r uconc ompl e t e d
Wa l wor t h
Whs e / Di s t
66, 000
12501290L i nc ol nAv e
S pa c et a k e nOT M
WAKS W
L tI nd
65, 523
2300S51s tS t
E x pa ns i onc ompl e t e d( Gl oba l Powe rCompone nt s )
MKE S . Ce nt r a l
Mf g
47, 000
L a r g e s tNe g av e s( T ot a l ) Pr ope r t y Na me
S i g ni fic a ntT r a ns a cons
Ma r k e tNa me
S pe c i ficUs e
N60W14521Ka ul Av e
Aut oma t e dF i ni s he sI nc .
WAKNE
F l e x
37, 450
4921S2ndS t
RAPa l l e tCo.
MKE S out h
L tI nd
30, 357
9240N107t hS t
T MCMa i l i ngS e r v i c e s
MKE NW
F l e x
24, 090
999We l l sS t
Cha ne yI ns t r ume ntCompa ny
Wa l wor t h
F l e x
19, 370
N91W13906Wa r r e nS t
L a k eCount r yDi s pos a l
WAKNE
Mf g
16, 774
471970t hAv e
RonMi l e sT r uc kRe pa i r
Ke nos ha
Whs e / Di s t
15, 000
187EBe c he rS t
L i t c or eI nc .
MKE DT
Whs e / Di s t
12, 240
1480I nde pe nde nc eAv e
Owne roc c upi e ds pa c e
Wa s hi ng t on
F l e x
10, 000
3Q2017Ma r k e tT r e nds© 2017byXc e l i g e nt , I nc .Al l Ri g ht sRe s e r v e d.
BUI L DI NGDAT A.E VE RYWHE RE .
3Q2017|Mi l wa uk e e|I ndus t r i a l L e a s i ngAcv i t yT r e nds
Di r e c tVa c a nc yRa t e
L e a s eT r a ns a cons Qua r t e rY e a r
4. 0%
60
3. 0%
40
2. 0%
20
Di r e c tVa c a nc yRa t e
#ofL e a s eT r a ns a cons
80
1. 0%
0
0. 0% 3Q2016
4Q2016
1Q2017
2Q2017
3Q2017
L e a s i ngAcv i t y( #ofNe wDe a l s ) S i z eRa ng e( s f )
< 25K
25K-100K
100K-250K
> 250KS F
Qua r t e rY e a r
65 49 59 61 44
3Q2016 4Q2016 1Q2017 2Q2017 3Q2017 0K
200K
13 8 6 7 7 400K
2
1
1
600K
3 2 4 800K
1000K
1 1200K
1400K
1600K
1800K
2000K
T ot a l L e a s e dS F
S a l e sVol umev s . Pr i c e / S F Ag g r e g a t eS a l e sVol ume
T opS a l e s Pr ope r t y
Av gPr i c e / s f
200M
100M
0M 4Q2016
1Q2017
2Q2017
3Q2017
3Q2017Ma r k e tT r e nds© 2017byXc e l i g e nt , I nc .Al l Ri g ht sRe s e r v e d.
Buy e r
S a l ePr i c e
$40
8200NF a ul k ne rRd 09/ 13/ 2017 He nt z e nCoa ng sI nc
$4, 425, 000
$30
1980086t hS t
$4, 061, 725
$20
130150W E dg e r t on Br e nna nI nv e s t me nt 08/ 31/ 2017 Av e Gr oup
$3, 600, 000
$10
400W Be l l Ct
07/ 10/ 2017 Ke v i nMc Ne i l
$3, 500, 000
2745Chi c or yRd
07/ 07/ 2017
$0 3Q2016
S a l eDa t e
07/ 18/ 2017 Br y a nCa v e
Pr e mi e rPr oduc t sof Ra c i neI nc
$2, 955, 000
BUI L DI NGDAT A.E VE RYWHE RE .
3Q2017|Mi l wa uk e e|I ndus t r i a l T e r mi nol og y T e r m
De finion
Di r e c tVa c a nt( s f )
T het ot a l oft hev a c a nts qua r ef oot a g ei nabui l di ngt ha ti sbe i ngma r k e t e dbya na g e ntr e pr e s e n ngt hel a ndl or d.
I nv e nt or y
T het ot a l s qua r ef e e t( s f )ofa l l e x i sngs i ng l ea ndmult e na nti ndus t r i a l pr ope re sg r e a t e rt ha n10, 000s f .
Ne tAbs or p on
T hene tc ha ng ei nphy s i c a l l yoc c upi e ds pa c ef r omqua r t e rt oqua r t e r , e x pr e s s e di ns qua r ef e e t .
S ubl e a s e( s f )
S pa c et ha ti soffe r e df orl e a s ebyac ur r e ntt e na nt , orhi sa g e nt , wi t hi napr ope r t y . Whe t he rt het e na nti spa y i ngr e ntornot , t hes pa c e i sc ons i de r e dv a c a ntonl yi fi ti sunoc c upi e d.
T ot a l Av a i l a bl e( s f )
Al l oft hea v a i l a bl el e a s a bl es pa c ewi t hi nabui l di ng , whe t he ri ti soc c upi e dorv a c a nt , f ordi r e c tl e a s eors ubl e a s es pa c e . S pa c ec a nbe a v a i l a bl ebutnotv a c a nt , f ore x a mpl e , i ft hel a ndl or d, orhi sa g e nt , i sma r k e ngs pa c et ha twi l l bec omi nga v a i l a bl ea taf ut ur eda t e be c a us eat e na nti spl a nni ngt omov e .
T ot a l Va c a nt( s f )
T het ot a l ofa l l oft hev a c a nts qua r ef oot a g ewi t hi nabui l di ng , i nc l udi ngbot hdi r e c ta nds ubl e a s es pa c e .
We i g ht e dAv e r a g eAs k i ng Re nt s
T hewe i g ht e da v e r a g eofa l l a s k i ngr e nt se x pr e s s e da saNNNr e nt a l r a t ea ndwe i g ht e dont ot a l a v a i l a bl es qua r ef e e t .
Xc e l i g e ntPa r t ne r
Comme r c i a l As s oc i a onofRe a l t or sWi s c ons i n( CARW)
T hi si nf or ma onhasbe e nobt ai ne df r oms our c e sbe l i e v e dr e l i abl e . Whi l ewedonotdoubti t sac c ur ac y , wehav enotv e r i fie di tandmak enoguar ant e e , war r ant yor r e pr e s e nt a onabouti t . I ti sy ourr e s pons i bi l i t yt oi nde pe nde nt l yc onfir mi t sac c ur ac y . 3Q2017Ma r k e tT r e nds© 2017byXc e l i g e nt , I nc .Al l Ri g ht sRe s e r v e d.
BUI L DI NGDAT A.E VE RYWHE RE .
3Q2017|Mi l wa uk e e|I ndus t r i a l Adv i s or yBoa r dMe mbe r s CBRE
Adv i s or yBoa r dMe mbe r s( c ont ' d) S c oF ur ma ns k i
J uds on&As s oc i a t e s
Ma J uds on
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NAI ML GComme r c i a l
Mi t c he l l S t a r c z y ns k i
PARADI GM Re a l E s t a t e , L L C
Br i a nPa r r i s h
T heBa r r yCompa ny
Ke v i nBa r r y
T heBoe r k eCompa ny
Ni c kUng e r
T heDi c k ma nCompa ny
Z a c hHa ns e n
Col l i e r sI nt e r na ona l Wi s c ons i n
J i mL a r k i n
F ounde r s3Re a l E s t a t eS e r v i c e s
Pa ul Mc Br i de
J L L
T onyHa ni ng
Re s e a r c hAdv i s or yBoa r dMe mbe r s
Re s e a r c hAdv i s or yMe mbe r s
CBRE
Chr i sa nHunt e r
J L L
Ky l eKol l e r
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NAI ML GComme r c i a l
Na t ha nWi nk e l
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Ga r dPe c or
Col l i e r sI nt e r na ona l
Ma r g a r e tBr uc k ne r
Ka eGr e mba n
Xc e l i g e ntT e a m Br i a nRe e c e
Re g i ona l VPofAna l yc s
br e e c e @x c e l i g e nt . c om
( 919)9713461
Gr e gHa y de n
Re g i ona l VPofS a l e s
g ha y de n@x c e l i g e nt . c om
( 816)3032833
J a me sBe r t ol l i
S a l e sE x e c uv e
j be r t ol l i @x c e l i g e nt . c om
( 949)3068767
J os hPa r r i s h
Di r e c t orofAna l yc s
j pa r r i s h@x c e l i g e nt . c om
( 414)4167092
3Q2017Ma r k e tT r e nds© 2017byXc e l i g e nt , I nc .Al l Ri g ht sRe s e r v e d.
BUI L DI NGDAT A.E VE RYWHE RE .
3Q2017|Mi l wa uk e e|I ndus t r i a l
3Q2017Ma r k e tT r e nds© 2017byXc e l i g e nt , I nc .Al l Ri g ht sRe s e r v e d.
BUI L DI NGDAT A.E VE RYWHE RE .