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GM Renaissance Center - Tower 300

Off-Market

300 Renaissance Center, Detroit, MI 48243

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  • Property Type Office - General Office
  • Property Size 589,199 SF
  • Lot Size 13.67 Acre
  • Parking Spaces Avail. 2121
  • Parking Ratio 3.60/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1977

Location

  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48243
  • 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

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/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
View more Detroit market trends

Tax

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

Find more tax info, including assessment history and abatements, on CommercialEdge

*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 300?

GM Renaissance Center - Tower 300 totals 589,199 square feet.

When was this property built?

GM Renaissance Center - Tower 300 was built in 1977.

When was GM Renaissance Center - Tower 300 last sold?

GM Renaissance Center - Tower 300 was last sold on 16 May, 1996.

What is the property tax for GM Renaissance Center - Tower 300?

The property tax for GM Renaissance Center - Tower 300 in 2018 was $29,669,943.

What is the market value for GM Renaissance Center - Tower 300?

The market value* for GM Renaissance Center - Tower 300 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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