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Friedman Boosts Occupancy at Laurel to 73%

DETROIT—The suburban office market has started to see progress cutting down vacancy rates that soared during the recession.

By Brian J. Rogal | Updated on March 11, 2014

DETROIT—Downtown Detroit has gotten a lot of attention recently as many corporations, most notably Quicken Loans, have migrated into its once-underused or vacant buildings, and brought down vacancy rates. But some office complexes in the long-suffering suburbs have also started to recover.

For example, officials with Friedman Integrated Real Estate Solutions, a Farmington Hills, MI-based firm, say they have just gotten the occupancy rates at the 339,300-square-foot Laurel Office Park I and III in suburban Livonia up to 73%, and expect to hit 85% by the end of the year.

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