The Tri-County Commerce Center in Hazel Park, MI, isone of the region's few recent spec developments. Amazon agreed tooccupy 137,000 square feet.
DETROIT—The Detroit industrial market continues to set someremarkable records. It recorded 953,793 square feet of positiveabsorption in the third quarter, driving lease rates to historichighs of $6.59 per square foot, according to CBRE's Industrial MarketView.
Furthermore, this was its 30th consecutive quarter ofpositive absorption and the vacancy rate stayed below two percent,at 1.93%, for the third consecutive quarter.
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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.
