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Old Posted Jun 24, 2017, 5:49 PM
bucksfan15 bucksfan15 is offline
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Join Date: Feb 2015
Location: Milwaukee/Tosa
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Marcus & Millichap: Apartment construction booming in Milwaukee


Quote:
Apartment construction is surging across the Milwaukee market, according to the latest research from Marcus & Millichap. According to the company’s second quarter multifamily research, developers are expected to add 3,633 apartment units to the Milwaukee market during 2017. That is a significant increase from 2016, when 1,924 new apartment rentals came online.
Quote:
What is fueling this construction boom? Increasing demand for urban living is helping. At the same time, the population in the Milwaukee area is expected to grow. Marcus & Millichap reported that Milwaukee’s population is expected to grow by 14,600 in the next five years. The market is also expected to see 21,000 new households during the next five years.
I highlighted what I thought was important from the article. This certainly seems to contradict other news outlets that cite Milwaukee's "population decline" and definitely seems to fall more in line with the construction boom happening across the city AND suburbs.
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