Thank you for sharing!

Your article was successfully shared with the contacts you provided.
275 Rex Boulevard in Auburn Hills The Tri-County Commerce Center in Hazel Park, MI, is one of the region’s few recent spec developments. Amazon agreed to occupy 137,000 square feet.

DETROIT—The Detroit industrial market continues to set some remarkable records. It recorded 953,793 square feet of positive absorption in the third quarter, driving lease rates to historic highs of $6.59 per square foot, according to CBRE’s Industrial MarketView.

Furthermore, this was its 30th consecutive quarter of positive absorption and the vacancy rate stayed below two percent, at 1.93%, for the third consecutive quarter.

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?


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.