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Resilience, hope and a bright future in the Motor City: They were the focus during Detroit Industrial Summit

Posted By: REjournals on September 22, 2023.  For more information, please click here to read the source article. Sure, Detroit’s industrial market has faced the pressure of high interest rates and increasing construction costs. And while industrial sales might have slowed, leasing activity remains robust in this sector, something that was evident during the Detroit Industrial Summit held […]

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Metro Detroit sees boom in industrial development

Posted By: Detroit News on August 17, 2023.  For more information, please click here to read the source article. One recent afternoon, workers at LM Manufacturing in southwest Detroit stood at their stations on the production line, each doing their part to assemble seating for the Ford Bronco and Ford Ranger. After launching production last month, three shifts […]

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Office Utilization Surges As Spring Emerges

Posted By: BISNOW on April 26, 2023.  For more information, please click here to read the source article. Office space utilization spiked recently, according to separate metrics that track it, published by VTS and Kastle. Demand for office space nationwide rose 31.3% from February to March, according to the latest VTS Office Demand Index. The index, which ranks […]

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West Michigan office forecasts vary as quality spaces remain in demand

Commercial real estate experts have struggled to predict the future of the office market since the COVID-19 pandemic started, though they expect demand for high-quality office spaces to remain strong.  Office vacancy rates in downtown Grand Rapids hovered around 11 percent in the fourth quarter of 2021, according to market reports from JLL Inc. and Colliers International’s West […]

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