GM Renaissance Center - Tower 100 - 100 Renaissance Center, Detroit, MI

Property Type Office - General Office
Property Size 622,275 SF
Lot Size 13.67 Acre
Parking Spaces Avail. 2240
Parking Ratio 3.60/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class A
Year Built 1976

Location

Map
Street

City Detroit, MI
Neighborhood Downtown Detroit
Zip Code 48226
Market Detroit

Contacts

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Owner

True Owner
Registered Owner

Tenants

Suite Name	Tenant	Leased Space	Rent Price	Lease Type	Space Type	Lease Term
370 17th Street #5500	MERRILL, (303) 446-5500	23,824 SF	$23/SF/YR	Modified Gross	General Office	11/01/2014- N/A
370 17th Street #6000	Morrison & Foerster, (303) 592-1500	10,710 SF	$26/SF/YR	Full Service	General Office	08/01/2013- 07/31/2023

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Documents

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Sales

Purchase Date 16 May, 1996
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Origination Date

Market Trends

Average Actual Rents in Detroit

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Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Detroit Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $28.65
2020 Office Vacancy Rate 16.80%
2020 Office Completions (SF) 63,500

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Tax

Property Tax in 2018 $29,669,943
Market Value* $778,422,000
Assessed Value $778,422,000

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of GM Renaissance Center - Tower 100?

GM Renaissance Center - Tower 100 totals 622,275 square feet.

When was this property built?

GM Renaissance Center - Tower 100 was built in 1976.

When was GM Renaissance Center - Tower 100 last sold?

GM Renaissance Center - Tower 100 was last sold on 16 May, 1996.

What is the property tax for GM Renaissance Center - Tower 100?

The property tax for GM Renaissance Center - Tower 100 in 2018 was $29,669,943.

What is the market value for GM Renaissance Center - Tower 100?

The market value* for GM Renaissance Center - Tower 100 in 2018 was $778,422,000.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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