Madison Getting Second Looks from Investors

525 Junction Rd. on Madison’s west side, one of 16 buildings in the portfolio recently bought by Artis REIT.

CHICAGO, MADISON, WI—The competition for assets in the US office investment market has gotten quite intense, and JLL believes it’s time for investors to take a look at small but robust cities like Madison, WI. And although it only has about 15.7 million square feet of office inventory, compared to Chicago’s 234.5 million square feet, the home of the University of Wisconsin’s flagship campus is a dynamic region that investors have begun to notice.

“They are pleasantly surprised by the amount of growth in this market,” Steve Buss of Chicago-based JLL’s capital markets group, tells GlobeSt.com. Furthermore, many are also surprised that the city and surrounding area are home to about one million people. And the $1.1 billion that the university spends on research each year fuels the vibrant tech sector that undergirds the office economy.