The office sector has generated a string of negative headlines since the start of the COVID-19 pandemic. But that doesn’t mean that there isn’t hope for this important commercial sector. And that hope? It’s coming from developers that are bringing amenity-rich, creatively designed office spaces to the market.
One such developer? Milwaukee-based Irgens, which has worked with Milwaukee County, the City of Wauwatosa and the Milwaukee County Research Park Corporation since 1995 to develop the Milwaukee County Research Park in Wauwatosa, Wisconsin.
This park now features more than 1.4 million square feet of Class-A office and flex properties developed by Irgens at a cost of more than $248 million. Irgens has completed 10 of the 14 projects in the 175-acre research park. It is now home to more than 80 companies.
Developments like this represent hope for the office sector. It’s an example of the flight-to-quality: Companies want to locate in properties such as the Milwaukee County Research Park because of its amenities and modern construction.
The takeaway? Not every office property is struggling today.
