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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: 23-Oct-2009		 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) $ 22.00 $ 33.00 $ 25.85 13.0% N/A
Class A (Prime) $ 20.00 $ 30.00 $ 23.09 9.8% N/A
Class B (Secondary) $ 3.50 $ 23.00 $ 16.50 21.0% N/A
 
Suburban Office
New Construction (AAA) $ 14.76 $ 39.36 $ 28.27 14.9% N/A
Class A (Prime) $ 9.00 $ 45.00 $ 22.50 17.1% N/A
Class B (Secondary) $ 9.75 $ 25.00 $ 18.97 20.5% N/A
 
Industrial
Bulk Warehouse $ 4.00 $ 35.00 $ 4.24 13.0% N/A
Manufacturing $ 1.00 $ 8.00 $ 6.50 24.0% N/A
High Tech / R&D $ 2.95 $ 22.00 $ 5.63 19.8% N/A
 
Retail
Downtown $ 6.32 $ 20.00 $ 12.30 11.2% N/A
Neigborhood Service Centers $ 5.00 $ 30.00 $ 12.74 11.2% N/A
Community Power Center N/A N/A N/A N/A N/A
Regional Malls N/A N/A N/A N/A N/A

Development Land Low (Price/Acre) High (Price/Acre)
Office in CBD N/A N/A
Land in Office Parks $ 40,000 $ 1,041,666
Land in Industrial Parks $ 191,666 $ 230,270
Office/Industrial Land - Non-park N/A N/A
Retail/Commercial Land $ 45,831 $ 1,024,590
Residential N/A N/A

 

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