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JLL: Detroit's Trophy Office Spaces Recover

DETROIT—Although the city as a whole still has many challenges, the top-of-the-line office towers in the CBD have seen vacancy rates plummet.

By Brian J. Rogal | Updated on March 23, 2014

DETROIT—JLL recently released its Spring 2014 Detroit Skyline Review, a study of the top downtown office properties, and the firm’s researchers say an influx of new tenants, many from the suburbs, has in the last three years cut in half the total vacancy rate within these buildings. Furthermore, office rents have recovered to pre-recession levels, making the downtown core a remarkable standout in a municipality undergoing hard times.

The firm now includes 43 cities and areas in its US Skyline Review, with a total of 979 buildings.

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