What does 2025 hold for the Southeastern Wisconsin Commercial Real Estate Market? Presenters at the 2024 CARW and NAIOP Wisconsin Market Update lay it out.
To see the full presentations and event recap, click HERE.
- 2025 Investment Sales volume will increase over 2024
- Sale-Leasebakcks will increase in 2025
- Multifamily development will significantly decrease in 2025 compared to 2024
- Institutional Capital will start to migrate to all asset classes in the Midwest
Adam Connor, Colliers
- Rightsizing and flight to quality continues
- More companies will relocate downtown from the suburbs
- Increase in adaptive reuse of Class B and C office product (maybe even to industrial)
- One downtown single-tenant office building will announce a multi-tenant conversion
Katie Brueske, Cushman & Wakefield | BOERKE
- Speculative development will be slow throughout 2025
- Land scarcity will lead to continued announcements of new developments further north and west
- Lack of power will become a mainstream national discussion
Patrick Hanrahan, NEWMARK
- Two car wash groups will merge in our market
- One ground-up power center development will be announced
- Retail vacancy will remain below 5%
Sarah Eldred, Mid-America Real Estate Group