Detroit office market report

Q3 2023

The Detroit office market experienced a pullback in leasing activity in Q3 2023 while more space continues to become available. The sublease market size remains near all-time highs. 


Class A availability

Growth in Class A availability since Q3 2021: The amount of available space has grown across all asset classes over the past three years. Class A has experienced the largest change.

1.87 msf

Leasing volume

Total leasing volume in 2023 YTD: While 2020-2022 saw leasing activity grow year-over-year, 2023 has been relatively sluggish through three quarters.

2.69 sf

Available sublet space

Available sublet space across the market: The size of the secondary market has grown slightly for the fourth consecutive quarter.

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Get in-depth office market reports and insights from commercial real estate experts in the Greater Detroit area. Avison Young advisors look at Detroit commercial real estate activities and the latest Detroit statistics to provide you expert market research on Detroit's office properties.

Explore different topics like the latest office market pricing trends and analysis of Detroit's current office real estate market conditions. Gain a better understanding of Detroit’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in Detroit's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in Detroit.

The dashboard was delivered through AVANT by Avison Young: leveraging real-time data and analytics to make cities and location-based decisions more transparent and efficient. Learn more about AVANT.

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