X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
det-mich central The Michigan Central Station near downtown greeted new migrants and visitors for most of the twentieth century, then fell into disrepair. Ford now plans to transform it into a new office campus.

DETROIT—This city’s CBD has come a log way in just a few years. The many underutilized buildings now hum with office workers, many of whom live downtown or in the surrounding neighborhoods, one of the tightest apartment submarkets in the US. And even though absorption levels in the CBD have leveled off over the past few quarters, new future developments point to renewed strength in the city’s office market, according to Newmark Knight Frank’s  third quarter office trends data.

“There is still an incredible amount of demand from companies that want to have a presence downtown,” John DeGroot, NKF’s research manager, tells GlobeSt.com. “It does not seem to be slowing down.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.