Industrial vacancy rate on the rise in southeast Wisconsin

The industrial space vacancy rate in southeast Wisconsin (including Milwaukee, Waukesha, Ozaukee, Racine, Sheboygan, Kenosha, Walworth and Washington counties) rose from 7.1 percent in the first quarter to 7.9 percent in the second quarter, according to the second quarter southeastern Wisconsin industrial report from Milwaukee-based real estate brokerage The Dickman Company Inc.

The region’s industrial had a negative net absorption of 479,306 square feet of space, according to the report.

The industrial space vacancy rate in Milwaukee County rose from 9.0 percent in the first quarter to 9.9 percent in the second quarter, with a second quarter negative net absorption of 691,000 square feet of space, according to the report.

Waukesha County fared far better. Although its industrial space vacancy rate rose from 5.1 percent in the first quarter to 5.3 percent in the second quarter, the county had a positive absorption of 636,051 square feet of industrial space.

The second quarter industrial space vacancy rates in the other counties, according to the report, are:

  • Ozaukee County, 8.5 percent

  • Racine County, 8.5 percent

  • Sheboygan County, 2.5 percent

  • Kenosha County, 12.2 percent

  • Walworth County, 6.7 percent

  • Washington County, 6.6 percent

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