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Office sublet space in Detroit remains elevated

Posted By: CoStar on November 14, 2024.  For more information, please click here to read the source article. Just over 2.2 million square feet of Detroit office space is on the market for subleasing after pulling back 19% from the all-time high reached during the third quarter of 2023. The amount of sublet space has risen above 2 […]

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Report indicates Q1 industrial, office vacancy trends differ

JLL released its 2022 first-quarter West Michigan industrial and office reports, and the differences are striking. The industrial report revealed that 921,392 square feet of industrial space in West Michigan was absorbed, decreasing the vacancy rate in the region to 3.2%. The average asking rent price increased to $4.06 per square-foot, up 1.8% from the […]

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