DETROIT—Throughout much of the Midwest, suburban office tenants have been migrating into the CBDs, and the Detroit region has certainly seen its share of those transfers. But according to third quarter research just published by Newmark Grubb Knight Frank, this trend has subsided, at least for now. And overall, the metro region’s office market continues to see a falling vacancy rate and a relatively healthy pace of absorption as its recovery continues.

“The office vacancy rate for the metro area fell 90 bps, to 21.8%, during the third quarter of 2014 as just over 600,000-square-feet was absorbed,” the report says. NGKF officials were not available for comment by press time.

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