Detroit Office Market
Average Asking Rent (Price/SF) | $20.92 |
Vacancy Rate (%) | 22.9% |
Net Absorption (SF) | (182,561) |
Metro Detroit’s office market vacancy rate climbed 20 basis points to 22.9% during the third quarter of 2025 as 182,561 SF in net vacancies were added to the market. Year-to-date, the market’s added 772,781 SF of net vacancy space to the market. The Detroit CBD vacancy rate increased by 10 basis points to 21.3% during the third quarter of 2025. Bedrock’s new Hudson Tower high-rise will soon be welcoming it’s first office tenants. The office tower complex is scheduled to be completed during the fourth quarter of 2025 and will see General Motors, Accenture and Ven Johnson Law among its first tenants. The suburban office market vacancy rate rose by 20 basis points to 23.5% in the third quarter, with 161,361 square feet of net vacant space added to the market. Year-to-date, 490,368 SF in new vacancies have been added to the market.
Download Detroit Office Market Report 3Q25Detroit Industrial Market
Average Asking Rent (Price/SF) | $7.50 |
Vacancy Rate (%) | 5.0% |
Net Absorption (SF) | 427,990 |
During the fourth quarter of 2025, the Metro Detroit industrial market vacancy rate climbed 20 basis points to 5.0.%. Three completed build-to-suits totaling 824,000 SF helped put absorption in positive territory at a net 427,990 SF for the quarter. In 2025, total absorption totaled negative 1.08 MSF, compared to 957,339 SF in 2024. Overall leasing activity in terms of total square feet, remained subdued during the fourth quarter, down 50% compared to the 20-year average. 2025 was a downturn year for the Metro Detroit industrial market. That said, major energy sector activity, including DTE Energy’s lease of about 1.5 million square feet of warehouse space in 2025, helped offset weaker overall demand. Momentum is likely to build as the Big Three ramp up production and investments to retool facilities and expand ICE vehicle production.
