The QLINE, one of the many factors bringing change to Downtown Detroit, recently began operating.
DETROIT—This city's downtown has been on the rise for a number of years, and high-tech firms and workers have played a key role. CBRE just released its latest Tech Talent Scorecard, part of its sixth-annual Scoring Tech Talent Report, and placed Detroit at #20 among the top 50 US and Canadian markets, the first time it broke into the elite group.
“It's finally a recognition of what's happening in Downtown Detroit,” Mark Collins, executive vice president with CBRE, tells GlobeSt.com. And the investment taking place downtown is not merely in the office space. All commercial real estate sectors in the CBD, including retail and multifamily, are showing increased momentum, with rising rental rates and values, along with steep falls in vacancy rates.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
