Q2 2012 Milwaukee, Wisconsin Office Property Sales Analysis

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Q2 2012 Milwaukee, Wisconsin Office Property Sales Analysis


The slow pace of office investment sales that meet Reis Transaction Analytics criteria continued in the second quarter of 2012 in Milwaukee.* Reis recorded just two for $10.3 million at a mean price of $117 psf and a mean cap rate of 7.8%. The year-to-date total is just $24.4 million in property sold, but that already exceeds the total of just $22.2 million during all of 2011. The second quarter rolling cap rate was 7.9%, down slightly from recent readings. In the second quarter’s leading sale the 44,200-square-foot Monroe Building in Milwaukee was traded from Monroe Building LLC to Monroe Building FH LLC for $6.9 million ($156 psf).