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Major Lease Deal Stands on CBD's Horizon

DEARBORN, MI-Office market experts say another big deal rivaling those struck by Compuware or EDS may be on the horizon for the CBD, which is having less success drawing the "bread and butter" deals.

By Dan Heaton | Updated on May 20, 2004

DEARBORN, MI-Will growth in the office market in Detroit’s CBD come merely at the expense of lateral movements out of the suburbs? Quite possibly, said a panel of office market experts during RealShare Detroit this week.

Still, though, they see a strengthening of the key Troy and Southfield submarkets ahead – and possibly another big deal coming down the pipeline for Detroit before too long.

“Southfield should bounce back first,” says Brent Beshears, vice president of Insite Commercial Group. “The central location that made Southfield attractive in the first place will mean it is the first to bounce back.”

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