Nov 29
From the Milwaukee Journal :
A new report from RENTCafe found that West Allis registered a 14.6% increase in average rent rates from just one year ago.
Per RentCafe, Milwaukee saw a 4% increase. Their report for WI is at:
https://www.rentcafe.com/blog/rental-market/local-rent-reports/wisconsin-rent-report-october-2019/
4% for Milwaukee sounds about right. 14.6% for West Allis is surprising.
But if the proposed MPS budget goes through with its expected 64-134% property tax increase, then I expect that Milwaukee rents will skyrocket, all the while profitability will decrease.