“NEXT STOP MILWAUKEE – THE NEW INVESTORS DREAM”
Milwaukee is a city that has not been on the investor’s radar for the last few years. But this fascinating city located North of Chicago in Wisconsin State is suddenly getting a lot of attention.
Milwaukee is often written off as a rust belt city in decline; a city with a falling population; a city that needs investment. So why would you invest there you may ask?
Milwaukee is following in the footsteps of other categorised rust belt cities like Pittsburgh, Buffalo and Cleveland to name a few. These cities have seen large-scale investment, rising house prices and high rental demand and Milwaukee is no exception to this.
CNBC ran an article at the end of last year called, “Why millennials are flocking to Rust Belt real estate.” The article centred around why States like Ohio, Michigan and Wisconsin are seeing an influx of younger buyers in search of more affordable living.
To quote the article it stated: “In recent years, the revitalized Rust Belt economy has brought in younger workers, and made the area’s real estate an attractive investment opportunity. Redfin, one of the largest Real Estate websites in the US, has identified the start of bidding wars in Rust Belt cities – a trend that can already be seen to have taken effect in in Cleveland, Ohio.
Looking at Milwaukee itself, we can see that this property market is already showing signs of revitalisation, prices are starting to rise and rental demand is on the up and up.
According to Zillow, the median home value in Milwaukee is now $123,300. Milwaukee home values have gone up 7.6% over the past year and Zillow’s Milwaukee real estate market prediction is that the prices will rise 3.3% within the next year.
Milwaukee is the largest city in the state of Wisconsin and the fifth-largest city in the Midwestern United States. It is located on Lake Michigan’s western shore. Milwaukee is the main cultural and economic centre of the Milwaukee metropolitan area, which has a population of over two million people as of 2018.
Downtown Milwaukee is thriving as the economic, cultural, and social hub of South Eastern Wisconsin. Since 2005, over $4.1 billion worth of private and public projects have been completed, and more than $3.4 billion is currently being invested in ongoing or planned construction projects.
Milwaukee is known for many great things. There are nine Fortune 500 companies located there. It was once know as “Brew City “ due to the large number of breweries: including the Miller Brewing Company, Pabst Brewing Company, Joseph Schlitz Brewing Company to name just a few. In fact, the city has been heralded as the beer capital of the world.
Milwaukee is also home to Harley-Davidson, which was founded in 1903 and has growing into one of the world’s largest motorcycle manufacturers and an iconic brands worldwide.
Milwaukee has an exceptional school system and one of the highest college students-per-capita ratios in the United States. Located downtown is Marquette University, to the East is the Milwaukee Institute of Art & Design (MIAD), and just north of the city is the University of Wisconsin-Milwaukee.
Milwaukee is also a popular venue for Lake Michigan sailing, windsurfing, kite-surfing, ethnic dining, and cultural festivals. Also sometimes referred to as the “City of Festivals”, Milwaukee has various cultural events that take place throughout the summer.
If you walk through Downtown Milwaukee today you will witness a new glistening skyline: new glass buildings, new bridges, new restaurants and new shops, showing that this city is leading the way in Midwest Urban architecture and design.
Global Investments are incredibly excited about this city and we feel it offers our investors the right mix of well-priced properties and high rental demand. Coupled with higher than average rental payments, this gives you the perfect investment opportunity.
Our new Milwaukee properties will be listed within the next two weeks, so please keep an eye out on our website and contact any of the team at Global for a sneak preview firstname.lastname@example.org