COMMERCIAL REAL ESTATE MARKET REPORT | Q1 2024


COMMERCIAL REAL ESTATE MARKET REPORT | Q1 2024


Madison Office Overview
Economic Overview

According to the Bureau of Labor Statistics (BLS), the unemployment rate for the Madison metropolitan statistical area (MSA) increased 40 basis points to 2.3% compared to 1.9% in February 2023. The unemployment rate for the US was at 3.9% in February 2024 increasing 30 basis points from last year. State of Wisconsin unemployment was 3.0% for this quarter. Madison MSA saw an increase in job growth and office specific jobs information, financial and professional services increased by 1,900 jobs during the same period...


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RSK: Some great data here. Office has the highest vacancy rate followed by Warehouse/Industrial and Retail at the low end...

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- - Volume: 24 - WEEK: 18 Date: 4/30/2024 2:13:01 PM -