So, could a sizable office market develop in, say, Howell or Brighton to follow all that population growth?
"I don't see it," says Mitchell Lipton, executive vice president at Freidman Real Estate Group.
Lipton made the comments during a panel discussion this week of local commercial real estate issues during RealShare Detroit, organized by Real Estate Media, parent company of GlobeSt.com.
"We are seeing a level of activity in Livingston County that we never would have thought possible 10 years ago," Lipton says. "I don't think we'll ever see a significant office market out there. It is just too far from the rest of the population base."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.