Detroit office market reports

Q3 2021

As reopening efforts continue, Detroit has started to see recovery in 2021 especially with job growth increasing 32.9%  since the height of the job losses in April 2020.  The market has seen a surge in Co-Working companies over the past 12 months as employers are seeing the benefit of flexibility and availability during this uncertain time. 

3.7%

Economic Conditions

Unemployment in Detroit is now at 3.7 percent as of August 2021 and recovered 90% of all job losses since April of 2020. 

44.5%

Recover Rate

Detroit trails the U.S. average vaccination rate of overall population that is fully vaccinated.

Delayed

Return to Office

Several large employers have delayed the return to the office which were slated for this fall such as Ford, GM, Meridian Health and DTE Energy due to the Delta variant concerns. 

12 Months

Office Demand

Co-Working companies have increased their presence within the past 12 months as employers are seeing the benefits of the flexibility and availability during this uncertain time.

2.4 MSF

Office Supply

There is currently 2.4 msf of new office space under construction, with a total of 3.8 msf of new inventory delivered to the market since 2016.

$694M

Capital Markets

Detroit’s office investment activity has slowed since 2018 however, year-to-date 2021 total sales volume is sitting just 9% below activity seen in 2020.

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Your source for the latest Detroit office market reports

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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