Real estate industry leaders say Johnson Controls move is a major blow to downtown office market

But vacancy will create an opportunity in the market for someone else

Johnson Controls downtown Milwaukee complex. Image from Google.

Last updated on January 22nd, 2021 at 01:14 pmJohnson Controls International’s plans to move out of downtown Milwaukee and shift employees to Glendale will make worse an already dire situation for the downtown office market, which is already dealing with the fallout of the COVID-19 pandemic and an oversupply of space, industry insiders said today.

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Alex Zank, former BizTimes Milwaukee reporter.

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