Detroit continues to attract businesses as confidence in the city’s investment potential rises. Highlights from this quarter’s report:
- The Metro Detroit’s office vacancy continues to drop, with construction expected to accelerate in several highly desirable urban areas.
- For the first time in seven years, industrial absorption in the Metro Detroit area was negative.
- Approximately 2.6 million square feet was delivered in Metro Detroit during 2016. So far this year, 713,252 square feet has been delivered.
Stay up to date on the commercial real estate trends and developments affecting your business. For a comprehensive snapshot of Metro Detroit’s office and industrial markets, download the Q1 2017 Market Summary.
Plante Moran Cresa provides customized solutions exclusively for corporate space users by offering fully integrated services that align their real estate needs with their business plans, delivering maximum cost savings and exceeding expectations. Contact me to learn more.