Detroit industrial market report

Q1 2024

The Detroit industrial market maintained a low vacancy rate of 3.6% as of the end of the first quarter of 2024. The market has benefited from historically conservative development activity, keeping a healthy balance between supply and demand. Leasing activity has slowed as both landlords and tenants navigate the uncertain economic environment.
2 msf

Delivered to market

A total of 2 msf delivered to the market and of that new inventory 56% has been leased, with an additional 2.7 msf still under development.

1.1 msf

Leasing activity

Leasing activity continues to soften with 1.1 msf leased in Q1 2024, down 57% from the prior quarter.


Net absorption

Net absorption as a percentage of inventory reached 0.5%, representing 2 msf.

Your source for the latest Detroit industrial real estate reports

Stay on top of current trends affecting the industrial real estate sector in Detroit. Gain an overall better understanding of Detroit's industrial real estate market conditions, so you can better formulate strategies to overcome any obstacle and know how to best invest in industrial real estate in Detroit.

Here, you’ll always find the latest industrial real estate market news so you can stay ahead. Come back often to see expert insights on the current and future of Detroit industrial real estate market.

Get the latest Detroit industrial market reports right in your inbox