MILWAUKEE, Feb. 11, 2026 — Marcus & Millichap (NYSE:MMI), has published its Milwaukee Office Investment Forecast Report for 2026.
“Milwaukee’s office market continues to reward quality assets, with sustained net absorption and improving fundamentals supporting long-term stability,” stated Todd Lindblom, senior managing director and market leader.
Key findings include:
- The market is on track for its 10th consecutive year of positive net absorption, with vacancy projected to tighten modestly to 16.0 percent despite new supply entering select submarkets.
- Class A properties remain favored by tenants and investors, while lower-tier assets face more cautious demand amid elevated vacancy, particularly in Waukesha County.
- Local investors are driving deal flow through building repositionings and select disposals, supporting transaction activity even as volume remains in line with recent years.
- Decelerating price declines and a cap rate stabilization near 9 percent suggest buyers and sellers are beginning to reach a more balanced footing.
- Average asking rents are forecast to rise to approximately $17.10 per square foot, with modest growth reflecting stable demand and limited near-term supply pressure.
“While near-term headwinds persist, disciplined development and a focus on well-located, higher-quality assets are positioning Milwaukee’s office market for gradual improvement,” added Lindblom.
Access the report here.
