Skip to Content

Metro Detroit real estate markets outpace other Midwest cities

Q2 2017 Article 15+ mins read
Authors:
Ron Gantner Plante Moran Realpoint

Metro Detroit office, industrial, retail, and hospitality real estate markets were once considered "catastrophic." Now, occupancy and rental rates are outpacing other cities in the Midwest, according to real estate experts.

Photo of Woodward Avenue sign in Detroit, Michigan

While many thought it would take decades for Detroit to hit national vacancy and rental rate averages, real estate experts are amazed at the strength of the city’s comeback in just seven short years. Fueled by the automotive and technology companies, recovery of Metro Detroit’s commercial real estate market is significant — and rapid. 

Plante Moran Cresa Partner Ron Gantner gives more detail into the state of Metro Detroit’s office, industrial, retail, and hospitality real estate markets in the article “Real Estate Rebound” on dbusiness.com.

Read the article on dbusiness.com >>

If you’d like to learn how current real estate trends are affecting your organization’s real estate strategy, contact us today.

Related Thinking

Zhongli NA Shelby Township, MI, USA, new headquarters exterior
May 2, 2024

Automotive supplier reshores manufacturing with new North American build-to-suit headquarters

Case Study 1 min read
Two construction workers on an industrial building walking between solar cell panels on the roof of factory in the morning
April 26, 2024

Q1 2024 U.S. Industrial Real Estate Market Report

Article 10 min. read
Three quarters overhead view of a busy modern office space
April 26, 2024

Q1 2024 U.S. Office Real Estate Market Report

Article 10 min. read