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Southfield Office Vacancies Climb

SOUTHFIELD, MI-As a result of new construction, vacancy rates have increased in this Detroit suburb. According to a recent report, relocating insurance companies have opened the largest blocks of sub-premium space.

By Dan Heaton | Updated on May 03, 2005

SOUTHFIELD, MI-Relocating insurance companies have created vacancy spikes in local office buildings, according to a recent report issued by Grubb & Ellis. For example, Blue Care Network of Michigan’s relocation to the Allied Center led to 160,000 sf of additional vacant class B space in the Riverside Center.

Meanwhile, Meadowbrook Insurance Group vacated more than 80,000 sf in the class B Brookview Building. Meadowbrook Insurance relocated to its recently completed 150,000-sf build-to-suit building, the American Commerce Center. Another firm, MSX International is also vacating its office space at 28333 Telegraph. That move adds roughly 78,000 sf of additional open class B space to the market.

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