Availability rates declined slightly this quarter, but have remained flat over the last year. Meanwhile, lease and sale activity and construction activity has increased over the last quarter.
The I-96 corridor is one of the pre-eminent growth areas in North America,said CB officials. Magna International Inc., a Canadian tier-one automotive supplier, hasbeen approved to begin building a 268,000-sf materials facility in Novi, MI. TheDeMattia Group will be heading the new development. DeMattia has also started construction on two industrial facilities, one 15,084 sf and the other 50,453-sf, at the Trans West Industrial Center in Howell, MI.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
