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

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

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

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

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

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