Overview Detroit Industrial Heading toward the final days of 2022, Detroit hasn't experienced the surge in logistics leasing and construction comparable to what's occurring in the Inland Empire or Dallas. Still, market conditions continue to work in Motor City landlords' favor. Detroit's industrial leasing is just below the all-time high, which was set in 21Q3, and the ...
Category: Industrial Market Reports
June 13, 2023Lynn Drake
Overview Heading into the spring, Detroit area industrial fundamentals may prove to be more resilient than other regions nationwide. Over the past few years, other metropolitan areas nationwide, notably led by the Sunbelt and Southwest, underwent a sizable surge of logistics leasing and construction. The Detroit area, which also experienced an ...
April 7, 2023Lynn Drake
While Detroit’s surge in logistics leasing and construction hasn’t reached the heights of the Inland Empire or Dallas, market conditions continue to favor landlords. With a vacancy rate of 4.6% and leasing just below the all-time high, which was set a year ago, the industrial market continues to grow steadily. ...
October 26, 2022Lynn Drake
While Detroit’s surge in logistics leasing and construction might not compare to what’s happening in the Inland Empire or Dallas, it’s nothing to sneeze at. With a market vacancy rate of 4.5% and leasing just below the all-time high, which was set in Q3 2021, conditions continue to look favorable ...
July 27, 2022Lynn Drake
The third quarter of 2020 has been relatively stable for the Detroit industrial market. Despite enduring the coronavirus pandemic, year-over-year net absorption was over 1.5 million SF in Q3, and the vacancy trend has remained flat. This is likely because industrial facilities that supply to essential businesses were allowed to ...
November 20, 2020Lynn Drake