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Metropolis See Moderate Q2 Improvement

DETROIT-While metropolitan Detroit's office market experienced increased demand in the second quarter, waning rental rates in the region indicate the market my be far from recovery.

By Dan Heaton | Updated on August 05, 2005

(To read more on the industrial market, click here.)

(To read more on the net lease market, click here.)

DETROIT-Net absorption and vacancy rates in office and industrial properties in the metropolitan area improved during the first half of 2005, Collier’s International reports. While Detroit’s domestic automakers continue their various struggles, Collier’s says the ongoing influx of foreign automakers into the region is helping both the industrial and office markets. Just recently Gov. Jennifer Granholm returned from a trade mission to Japan, seeking to continue to lure foreign automakers to create or expand US operations in southeast Michigan.

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