Locally owned & operated Cushman & Wakefield | Boerke, an alliance office of global real estate firm Cushman & Wakefield, publishes Marketbeat reports each quarter on the office and industrial market in Madison, WI. Today, the firm’s research team has released its reports for the fourth quarter of 2023. Below is a snapshot of key market statistics and insights. For more information, please reach out to lepperson@boerke.com.
Madison Office Market
Key Q4 2023 Office Market Statistics:
- Vacancy Rate: 10.9%
- Year-To-Date Net Absorption (SF): 140,792 SF
- Asking Rent Per Square Foot: $23.21 Gross
Madison Industrial Market
Key Q4 2023 Industrial Market Statistics:
- Vacancy Rate: 2.9%
- Year-To-Date Net Absorption (SF): 2,487,942 SF
- Asking Rent Per Square Foot: $6.43 NNN
About The Boerke Company, Inc.
Since 1921, The Boerke Company have been providing the commercial real estate user, owner, and developer with strategic solutions to their business and operational space needs. Our alliance with Cushman & Wakefield allows us to better serve our local Milwaukee and Madison commercial real estate markets while also offering national and global brokerage services.
