The Detroit Metropolitan industrial market is strong, and should remain thatway for the near future, according to the CB Richard Ellis 2nd QuarterMarket Index Brief for Detroit Industrial Properties.According to the report:

Availability rates went down and have generally softened this quarter buthave remained flat over the last year. Lease and sale activity isincreasing, while construction activity remains stable. Average asking leaserates for the market overall have increased slightly this quarter,contributing to an annual rent deflation over the last 12 months of 12%. The prognosis for the market in the near-term is good, given the job growthforecast relative to current and pending supply.

Oakland County continues to be active. There are still users looking todevelop in the county, such as the purchase by Behr Automotive of 10 acresat I-75 and Rochester Road in Troy.In the Downriver market, LDM Technologies took 250,000 sf on Ecorse Roadin Romulus. The Oakwood Group plans to build a 150,000 sf plastics plantin Taylor. Developers are committed to the AeroPark Commerce Center, whichwill start with 198,000 sf to service Detroit Metropolitan Airport.

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?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

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

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.