Downtown Milwaukee has made a resurgence in more recent years, with some impressive statistics. Below are statistics about the area where FirstPathway Partners is headquartered.
Amount of private and public investment that has taken place within downtown Milwaukee since 2005
Amount invested in private and public projects currently under construction
5.5 million visitors
The number of visitors who attended events at the Bradley Center, Henry W. Maier Festival Grounds and the Wisconsin Center District on an annual basis.
128.7% attendance growth
Convention attendance grew by 128.7% and the number of room nights grew by 26.1% between 2007 and 2014.
71.3% occupancy rate
Downtown’s 4,559 rooms in 26 hotel properties averaged a 71.3% occupancy rate during 2014, an increase of 16.3% over 2009.
11.8 million sq ft
The downtown office market accounts for more than 42% of the Milwaukee area office market.
692,000 sq ft
The downtown Milwaukee submarket accounts for more than 692,000 square feet of multi-tenant retail space.
74.1% of downtown business
Retail (12.5%), finance, insurance and real estate (14.3%), and service (47.3%) are the top three business categories in downtown Milwaukee, accounting for nearly 75% of all businesses.
9.7% increase in revenue
The average hotel room rate increased by 2.7% and revenue per available room increased by 9.7% between 2012 - 2014.
98 walk score
Downtown Milwaukee neighborhoods are ranked as the most walkable neighborhoods in the City of Milwaukee. Overall, downtown’s walk-score of 98 rivals highly regarded peer neighborhoods in New York City. Juneau Town ranks 98 and Kilbourn Town ranks 88.
According to the Hunden Strategic Partners report, downtown Milwaukee ranks second when compared with Hunden report peer cities.