Market Insights

A long-standing business owner in Edgerton, WI, faced the complex challenge of simultaneously selling their existing commercial property while needing to secure new industrial space to accommodate the relocation and potential expansion of their operations.

Buyers continue to wait and hold firm in conservative pricing models either hoping for desperate sellers or lower rates, in order to help transactions move forward.

If you’ve driven around Janesville lately, you’ve probably noticed a few familiar retail spots going dark. Joann Fabrics is closing, Big Lots has already shuttered, and the former Slumberland space remains vacant. For many longtime residents, that can feel like a blow. These stores were part of our shopping routines—and their closures may seem like signs of retail decline.

After analyzing the Q4 Rock Ready Index, I'm seeing a clear picture of Rock County's economic landscape. We need more housing, and the Beloit Ho-Chunk Casino project is a game-changer.

For years, the former GM site in Janesville has been a reminder of the past, but beneath its industrial shell lies an untapped opportunity for logistics, distribution, and manufacturing. With direct rail access, immediate proximity to I-39/I-90, and ample space for large-scale operations, this site is a prime contender for companies looking to optimize supply chains—including Amazon.

Rock County's retail market continues to outperform with near zero vacancies in strip centers. Entertainment venues, adaptive reuse, and strategic redevelopment are strengthening Janesville and Beloit's central business districts and commercial corridors. Read our full "Commercial Retail Real Estate Market Analysis: National Trends and Janesville/Beloit SMSA" for detailed insights and opportunities.

Coldwell Banker Commercial McGuire Mears & Associates recently closed an exciting deal at 1901 Beloit Ave in Janesville, successfully representing the buyer and seller of the Back of the Yards/Back Bar property.

Cotta LLC, a gearboxes manufacturer, is relocating from Beloit to a portion of the former Serta Simmons Bedding factory in Janesville.

Coldwell Banker Commercial McGuire Mears & Associates is proud to have facilitated the lease for UW Health's new family medicine clinic.

While 2024 saw our market sales decline to $108M from $157M in 2023, evolving monetary policy and legislative clarity are creating a more favorable investment landscape for 2025.