For the second straight quarter, the retail sector absorption level in Metro Detroit hit the red category. In the three months through December, it was -9,586 square feet to bring the year-to-date total to -322,490 square feet, according to a fourth-quarter market analysis report from Colliers.
The North Oakland submarket brought the worst results with its -162,519 square feet of vacant space. Ann Arbor/Washtenaw was the next closest with its -81,287 square feet. Meanwhile, multiple submarkets generated positive demand, with Downriver leading the way at +76,166 square feet.
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