Metro Detroit Industrial Real Estate Market Booms in 2024: Q3 Investment Report Insights
Are you interested in the latest trends shaping Metro Detroit’s industrial real estate landscape? Our newly released Metro Detroit Industrial Investment Report for Q3 2024 reveals exciting developments in this thriving market. Let’s dive into the key findings and what they mean for investors and industry professionals. Metro Detroit Industrial Real Estate: 2024 Year-to-Date Highlights […]
Detroit Industrial Market: 3Q24 Overview
The Detroit industrial market saw a rise in vacancy rates to 4.2% in Q3 2024, with nearly 1 million square feet of new vacancies. Bulk warehouse absorption is slow, with Class A spaces at a 7.6% vacancy rate, signaling an oversupply. The electric vehicle (EV) industry is driving demand, with major projects like General Motors’ […]
Office Vacancy Rates Surge: The Impact of Remote Work on CRE
Office vacancy rates have surged as remote and hybrid work models continue to reshape how businesses operate. With companies reassessing their office space needs, the commercial real estate market has been significantly impacted, especially in major urban areas. Many organizations have downsized their office footprints, contributing to the sharp increase in office vacancy rates across key […]
Class A Warehouse Market Overview
The Class A bulk warehouse market overview vacancy rate fell 30 basis points to 6.5% during the second quarter of 2024 as 130,700 SF was absorbed. Over the past year, available bulk warehouse space climbed 660% in Metro Detroit on account of new speculative construction. Eight Class A speculative bulk warehouse buildings were completed in […]
My Go-To Articles on Commercial Real Estate Trends & Updates
Recently, I was asked if I still read to stay in the loop on articles on commercial real estate trends or if I rely solely on social media. The answer is, that I still read daily, usually while working out in the morning. It’s time well invested, and below is my daily reading list: The […]
Key Insights for Commercial Real Estate Investing
In 2024, a substantial wave of commercial real estate debt is coming due, with around $430 billion in loans set to mature across various property types like office, retail, industrial, and multifamily. This situation offers both challenges and opportunities for property owners, investors, and lenders. For property owners with maturing loans, refinancing risk can be […]
Honored to be Named in DBusiness Magazine’s 2023 Detroit 500
I’m excited to share that I’ve been recognized again in DBusiness Magazine’s 2023 Detroit 500 list. This acknowledgment reflects the commitment I bring to the commercial real estate industry, and I’m incredibly grateful to be part of Detroit’s vibrant business community. Being named among Detroit’s top business leaders is a reminder of the importance of […]
Top Investing Strategies for Commercial Real Estate Success
Investing strategies in commercial real estate can lead to great rewards, but it takes a smart approach to get the best returns. Successful property owners follow certain key practices to achieve their goals. Here are five important strategies that set successful real estate investors apart. Thorough Market Research Investing strategies in real estate start with […]
Detroit Industrial Market Report
Market Observations Economy The Detroit Metro’s labor market remains stagnant. May’s 3.9% unemployment rate was up 10 basis points from April levels. Construction continues to lead employment growth fueled by infrastructure funds to rebuild major expressways. Meanwhile, the key manufacturing sector showed employment is 0.6% below May 2023 levels. The trade and transportation sector showed […]
Detroit Office Market Overview
Market Observations Economy The Detroit Metro’s labor market remains stagnant. May’s 3.9% unemployment rate was up 10 basis points from April levels. Construction continues to lead employment growth fueled by infrastructure funds to rebuild major expressways. Meanwhile, the key manufacturing sector showed employment is 0.6% below the May 2023 levels. Financial activities and business and […]