The industrial real estate market in Southeast Wisconsin remained Active as we Closed out Q1 of 2025. While certain indicators suggest a market stabilization, demand continues to shape the region’s growth.
The Southeast Wisconsin industrial market showed mix signs
in Q1 2025. While overall vacancy crept up slightly to 5.7%, the
real story lies in the contrast between single-tenant and multitenant
properties. Multi-tenant buildings posted a solid 396,500
SF of positive absorption, with strong activity in Kenosha and
Waukesha counties. But on the flip side, single-tenant properties
took a hit—DHL’s 432,000 SF vacancy in Racine led the charge
on the quarter’s total net negative absorption of 344,400 SF.
In addition, new construction has increased which shows
developers are staying active.
View the full report here: https://summit-cre.com/wp-content/uploads/2025/06/SUMMIT_QuarterlyReport2024S_2.pdf