MARKET SNAPSHOT

Milwaukee q2 2026

AVERAGE RENT

$1,480 Q2 2026

OCCUPANCY RATE

96.2% Q2 2026

NET ABSORPTION

3,202 T4Q

ANNUAL RENT CHANGE

3.1% Q2 2026

ANNUAL OCCUPANCY CHANGE

15 BPS

UNIT COMPLETIONS

1,158 T4Q

KEY TAKEAWAYS
Demand continues to outpace supply decisively, supporting four consecutive quarters of positive net absorption across the metro.
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Rent growth ranks second among Milwaukee's Midwest peers behind only Chicago, while occupancy leads the entire region, a combination that positions Milwaukee among the strongest performers in the Midwest this cycle.
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The construction pipeline remains modest overall, and while starts have ticked up slightly from a year ago, the market is still positioned for a limited delivery window through the remainder of 2026.
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MARKET OUTLOOK

Milwaukee enters the second half of 2026 from a position of strength, leading its Midwest peer group in occupancy and ranking a close second in rent growth...

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