Market Updates

Metro Detroit Office Analytics by Submarket

Last updated October 14, 2020

Submarket Asset Value Vacancy Rate Market Rent/SF
CBD $3.5 B 8.80% $24.60
Southfield $2.1 B 17.20% $18.24
Southern I-275 Corridor $1.4 B 7.20% $19.30
Dearborn $1.3 B 7.80% $20.08
Troy South $1.3 B 22.50% $21.07
Farmington/Farm Hills $1.1 B 9.80% $20.48
Detroit-New Center $992 M 7.70% $22.91
Auburn Hills $947 M 2.90% $22.63
Macomb West $894 M 5.00% $17.86
Central I-96 Corridor $829 M 10.60% $23.16
Macomb East $819 M 9.60% $17.46
St Clair & Lapeer Counties $658 M 4.20% $19.04
Birmingham $642 M 7.60% $28.40
Pontiac $599 M 11.20% $19.02
Royal Oak $569 M 7.40% $19.98
Detroit E of Woodward $563 M 12.70% $21.31
Troy North $517 M 12.80% $20.77
Detroit W of Woodward $495 M 20.60% $20.32
Livingston County $356 M 8.60% $19.30
Airport District $307 M 5.80% $19.60
Rochester $293 M 8.30% $20.69
Downriver South $265 M 13.90% $17.64
Lakes Area $258 M 8.30% $19.06
Bloomfield $257 M 16.50% $26.63
Bloomfield West $153 M 12.40% $23.37
The Pointes/Harper Woods $147 M 7.30% $22.65
Downriver North $74.6 M 6.40% $17.63

Source: Costar

Metro Detroit Industrial Analytics by Submarket

Last updated October 15, 2020

Submarket Market Vacancy Rate
Market Rent/SF
W of Van Dyke/Macomb Detroit - MI 1.3% $7.54
Auburn Hills, Pontiac & Rochester Detroit - MI 3.2% $8.10
Airport District Detroit - MI 3.9% $6.84
Central I-96 Corridor Detroit - MI 4.3% $9.15
Livonia Detroit - MI 3.6% $7.25
Groesbeck North Detroit - MI 2.4% $7.25
Detroit East Detroit - MI 3.8% $5.25
Detroit West Detroit - MI 8.9% $5.15
Washtenaw W of 23 Ann Arbor - MI 4.2% $9.85
Downriver South Detroit - MI 1.4% $6.76
Downriver North Detroit - MI 2.3% $5.95
Royal Oak Detroit - MI 3.0% $6.99
Southern I-275 Detroit - MI 6.0% $6.90
Groesbeck South Detroit - MI 3.0% $6.24
Dearborn Detroit - MI 5.0% $6.60
Groesbeck Central Detroit - MI 3.2% $7.01
Troy Area East Detroit - MI 4.0% $7.67
Farmington/Farm Hills Detroit - MI 5.8% $8.60
Troy Area West Detroit - MI 3.2% $8.46
Washtenaw E of 23 Ann Arbor - MI 4.9% $6.89
Troy Area Central Detroit - MI 4.1% $7.30
Lakes Area Detroit - MI 3.0% $7.98
Southfield Detroit - MI 7.7% $8.37

Source: Costar