Despite ongoing economic uncertainity industrial is experiencing historically strong rental rates, limited availability of modern space, and continued investment in the region's manufacturing base.
View PDF >Although stable, the office market was subdued as it continued adjusting to hybrid work patterns, reduced large-user demand, and the State of Michigan's ongoing transition from leased space into state-owned facilities.
View PDF >Retail vacancy held steady and new tenant demand largely offset vacancies created by retailer turnover and business closures.
View PDF >Reliability You Can Trust
Here at Martin, we pride ourselves on conducting in-depth market analysis to keep you informed of trends impacting commercial real estate. Twice a year, our Market Insights include:
- Changes in vacancy rates
- Recent developments
- Trends affecting commercial real estate
- Descriptions of the market composition
- Breakdown of rentable space
- Unemployment rate
- Narrated analysis of absorption
- Asking rental rates