$0
Average Rent
$1,465 average rent in Milwaukee, Q1 2026
0%
Occupancy Rate
96% occupancy rate Milwaukee, Q1 2026
0
T4Q Net Absorption
3,180 T4Q net absorption in Milwaukee, Q1 2026
0%
Annual Rent Change
2% annual rent change in Milwaukee, Q1 2026
0
BPS Annual Occupancy Change
-10 BPS annual occupancy change in Milwaukee, Q1 2026
0
T4Q Unit Completions
1,782 T4Q net absorption in Milwaukee, Q1 2026
KEY TAKEAWAYS
- Demand accelerated sharply in Q1 2026, with 731 units absorbed, driving trailing 12-month absorption to 3,180 units, nearly double the 1,782 units delivered over the same period.
- The active pipeline stands at 3,335 units (2.7% of inventory), concentrated in Wauwatosa/West Allis and South Milwaukee; trailing completions have fallen nearly 50% year-over-year, materially easing supply-side pressure.
- Average effective rents reached $1,465, up 1.6% year-over-year, supported by stabilized occupancy of 95.8% and an absorption-to-delivery ratio that has turned decisively in the market’s favor.
MARKET OUTLOOK
Milwaukee’s supply cycle has shifted decisively. Completions have fallen by more than half from their prior-period peak, the active pipeline…
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