The two men say that although the market will feel the effectsof the cooling economy and slight overbuilding, its overallstrength will result in a relatively stable environment typified bysmall increases in vacancy and declining rent increases. Somebenefits of the expansion include retailers moving back into theDetroit area, such as Kmart, grocers Kroger and Farmer Jack, andother mixed-use projects in the Central Business District and alongWoodward.
Other research results presented in the report include:
o Automotive sales slowing will hurt the local economy, but notas much as before thanks to diversification of localbusinesses.
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