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WI - Madison, Greater

WI - Rock County

DEMOGRAPHICS CBSA

Madison, WI

DEMOGRAPHICS

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

2,738

574,245

242,725

$65,668

281,044

4.00%

MARKET HIGHLIGHTS

CBSA

Janesville, WI

Square Miles

Population

Households

Household Income Median

Employees (Total)

Unemployment

720

160,224

63,135

$54,346

63,044

7.00%

MARKET HIGHLIGHTS

• Epic Systems, a Madison area health care software company,

• Lowest unemployment rate in 5 years posted during the final

is expanding their campus with plans to increase employment from 6,000 to 10,000.

Qtr of 2013.

• The Residential market experienced the highest price points

• Spectrum Brands moved into their new world headquarters. • Apartment vacancy rates in Madison were at 2.05% in Q4 of

in the last four years.

• Retail new construction totaled 33,000 SF, and 31,000 SF of

2013. Several new Apartment projects are coming online.

existing Retail was rehabbed. 2013 set a sales tax record with collections amounting to $10.6 million.

• Madison unemployment rate is at 4%, vs 4.7% the end of 2012. • TDS Communications renewed lease for 320,000 SF in

• There were 12 major projects in 2013- 6 were Manufacturing,

• Recovering housing market with 22% increase of sales over

• The Residential market continues to improve, though

• SF building permits are up 50% in 2013. • Greater Madison economy is the most stable and prosperous

• Multiple Family foreclosure rate dropped 48% in 2013.

4 Logistics and 2 Medical, amounting to 399,000 SF leased or sold.

Madison.

2012, increasing sale prices, decreasing foreclosures and growing new construction activity.

gradually, with average prices increasing (see above). Foreclosures are declining, and upper end housing sales are beginning to come out of the doldrums. Price per unit grew to a healthy $39,250 per unit, up from $31,570 in 2012.

in the state, with the UW-Madison, state government, health care, and expanding bio-tech and info-tech communities growing at steady pace.

OFFICE

retail

industrial

OFFICE

retail

industrial

Vacancy

p

n

n

q

Vacancy

p

q

q

q

Absorption

q

p

n

p

Absorption

q

p

p

p

Rental Rates

n

p

n

p

Rental Rates

q

n

p

p

multi-family

CONTACT

multi-family

CONTACT

Coldwell Banker Commercial Success

7609 Elmwood Ave. Suite 102 Middleton, WI 53562 (608) 662-1110

www.cbcommercialsuccess.com

Coldwell Banker Commercial McGuire Mears & Associates

64

400 Midland Ct. Suite 101 Janesville, WI 53546 (608) 752-6325

www.mcguiremears.com

2013 Year End Blue Book  
2013 Year End Blue Book  

The CBC® Blue Book offers a unique Commercial Real Estate market perspective: - Covering almost 150 Primary, Secondary, Tertiary and Inter...

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