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.
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.
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.
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