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Detroit, Michigan

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Farbman Headquarters
Last Updated: 21-Oct-2010		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) N/A N/A N/A N/A N/A
Class A (Prime) $ 20.59 $ 33.02 $ 22.48 21.2% N/A
Class B (Secondary) $ 9.83 $ 28.54 $ 16.94 19.0% N/A
 
Suburban Office
New Construction (AAA) $ 15.65 $ 33.89 $ 27.55 61.0% N/A
Class A (Prime) $ 15.64 $ 36.52 $ 19.82 22.9% N/A
Class B (Secondary) $ 7.00 $ 25.53 $ 17.11 35.1% N/A
 
Industrial
Bulk Warehouse $ 1.00 $ 17.00 $ 3.99 25.0% N/A
Manufacturing $ 1.00 $ 7.00 $ 4.35 13.8% N/A
High Tech / R&D $ 3.00 $ 22.00 $ 7.54 17.4% N/A
 
Retail
Downtown $ 2.00 $ 30.00 $ 9.95 13.0% N/A
Neigborhood Service Centers $ 5.00 $ 40.00 $ 12.42 16.0% N/A
Community Power Center $ 5.00 $ 35.00 $ 15.20 7.0% N/A
Regional Malls $ 4.00 $ 24.00 $ 13.93 10.0% N/A

Development Land Low () High ()
Office in CBD $ 1,133,000 $ 2,986,313
Land in Office Parks $ 113,000 $ 246,808
Land in Industrial Parks $ 8,382 $ 325,000
Office/Industrial Land - Non-park $ 15,966 $ 6,833,334
Retail/Commercial Land $ 19,598 $ 6,300,000
Residential $ 3,000 $ 75,000

 

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