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Metro Detroit Office Report 3rd quarter 2017

LOWEST VACANCY IN OVER 15 YEARS AT 10.3%

VACANCY & ABSORPTION
AVERAGE RENTAL RATES (BY SUBMARKET)

RENTAL RATE AVERAGING $18.79/SF - HIGHEST IN NEARLY 10 YRS

NET DELIVERIES

TOP PROPOSED PROJECTS

UNDER CONSTRUCTION MAP

OFFICE PROPERTIES CURRENTLY UNDER CONSTRUCTION & SUBMARKET MAP

TOP OFFICE LEASES

2q 2017

SELECT TOP OFFICE SALES

July 2016 - September 2017
SALES VOLUME AND MEDIAN PRICE

Source: costar.com

CORPORATE HQ: 34975 W. TWELVE MILE RD, FARMINGTON HILLS, MI 48331 | PH: 248.324.2000

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