Although office jobs are overwhelmingly responsible for Detroit’s employment bounce back after the pandemic shutdowns, a return to actual office spaces has not accompanied that trend. The ongoing pandemic and workers’ desire for the flexibility of hybrid and work-from-home arrangements have transformed business as usual, and it’s looking more and ... Read More
“Exclusively Representing Tenants and Buyers of Commercial Real Estate”
15
Jul2022
15
Jul2022
In 2005, when I was a planning commissioner for the city of Troy, Michigan, there were no clear rules allowing for in-home daycare. My fellow board members were adamantly opposed to this practice, but as a mom, I couldn’t understand why. At a public hearing on June 29, 2005, I ... Read More
04
May2022
Although the national office market is showing signs of recovery, the impact of the pandemic is far from over. While leasing volume is improving and net absorption was positive by the end of 2021, these numbers remain below pre-pandemic norms. The good news is that even though the amount of ... Read More
04
May2022
While Detroit isn’t leading the country in logistics leasing and construction, industrial market leasing in the Motor City is nothing to sneeze at. With leasing at 5-year high and the vacancy rate of 4.4% near an all-time, the market looks to remain in landlords’ favor for the near future. Although ... Read More
22
Apr2022
Since I became a commercial broker in 2000, the metro Detroit office market has always had a significantly higher vacancy rate than the rest of the country. Today, although the office market is just starting to stabilize, the national vacancy rate for the U.S. is 12.3%, while Detroit’s vacancy rate is ... Read More
09
Feb2022
Although total leasing volume remains below pre-pandemic norms, there are signs that the office real estate market in the US is starting to recover. In Q3 2021, net absorption turned positive for the first since the beginning of the pandemic, and the amount of sublet space fell quarter over quarter ... Read More
09
Feb2022
The industrial market in Detroit finished 2021 strong. With the 8th largest industrial inventory of any city in the US and e-commerce-related companies joining manufacturing giants in expanding their footprint in the area, conditions remain favorable for landlords. Closing out the year with 9.4% year-over-year rent growth, surpassing its 5-year ... Read More
24
Jan2022
Beau has his undergraduate from the University of Florida in marketing, which is a great, great tool to have when you're in our business. He has a master's degree from the University of Florida in real estate and also has a CCIM designation. Beau started his career working for Trammell ... Read More
24
Jan2022
Betsy is with Hobbs and Black Architects and they have three offices, a couple in Michigan and one in Arizona. Her undergraduate degree is from Kalamazoo College, and then she went to the Harrison College of Design, has a degree in design and she works right now as a vice ... Read More
21
Jan2022
With fewer people vaccinated than are required for herd immunity and new variants of the coronavirus emerging just as soon as things seem poised to return to normal, the office market in Detroit continues to struggle. Over 2 million SF of office space returned to market in 2020 and another ... Read More