Cushman & Wakefield | Boerke, an alliance office of global real estate firm Cushman & Wakefield, publishes Marketbeat reports each quarter on the office and industrial market in Madison.
The firm’s research team recently released its reports for the fourth quarter of 2023. Key market statistics and insights in the Madison office market include:
- A vacancy rate of 10.9%;
- Year-to-date net absorption of 140,792 square feet; and
- Asking rent per square foot of $23.21 gross.
Key quarter four industrial market statistics include:
- A vacancy rate of 2.9%;
- Year-to-date net absorption of 2,487,942 square feet; and
- Asking rent per square foot of $6.43 Triple Net Lease.
