Metro Detroit real estate markets outpace other Midwest cities
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.
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.
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