Milwaukee Magazine - - Content -

Luxe hous­ing is push­ing prices up.

MIL­WAU­KEE’S BARGAIN-BASE­MENT ren­tal rates, a big part of what makes the city at­trac­tive to out­siders, are show­ing signs of change. The high-end apart­ment boom (ex­pected to add more than 3,800 new units in 2017) is also driv­ing up apart­ment rents to the tune of about 5 per­cent a year on av­er­age, ac­cord­ing to Brook­field real es­tate firm Mar­cus and Mil­lichap, with greater in­creases crop­ping up in hot neigh­bor­hoods. Nowa­days the av­er­age apart­ment, across all sizes and places, goes for slightly more than $1,000 a month.

North­west­ern Mu­tual’s lux­ury high-rise apart­ments, 7Seventy7, un­der con­struc­tion

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