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1,077 Commercial Real Estate Listings in Detroit, MI

  • The Sophie Wright Settlement - Detroit
    4141 Mitchell Street, Middle East Central, Detroit, MI
    For Lease
    • Contact for pricing
    Property
    • Other
    • 10,940 Sqft
    Availability
    • 1 Space
    • 10,940 Sqft
    Year Built
    • 1945
    View Details
  • Former United States Government Facility - Detroit
    21630 W. Seven Mile Road, Evergreen, Detroit, MI
    For Lease
    • $12/Sqft/Year
    Property
    • Retail
    • 21,662 Sqft
    Availability
    • 1 Space
    • 21,662 Sqft
    View Details
  • 439 E Congress - Detroit
    439 E Congress, Downtown Detroit, Detroit, MI
    For Lease
    • $19/Sqft/Year
    Property
    • Office
    • 6,400 Sqft
    Availability
    • 1 Space
    • 3,200 Sqft
    Year Built
    • 1900
    View Details
  • 15004 3rd St - Highland Park
    15004 3rd St, Highland Park, MI
    For Lease
    • Contact for pricing
    Property
    • Industrial
    • 94,500 Sqft
    Availability
    • 1 Space
    • 45,000 Sqft
    Year Built
    • 1940
    View Details
  • 9641 Harper Ave - Detroit
    9641 Harper Ave, Airport, Detroit, MI
    For Lease
    • $15/Sqft/Year
    Property
    • Office
    • 40,560 Sqft
    Availability
    • 2 Spaces
    • 9,658 Sqft
    Year Built
    • 1977
    View Details
  • New Center One - Detroit
    3031 W Grand Blvd, Middle Woodward, Detroit, MI
    For Lease
    • $19.5 - $22/Sqft/Year
    Property
    • Office
    • 496,208 Sqft
    Availability
    • 13 Spaces
    • 95,881 Sqft
    Year Built
    • 1982
    View Details
  • 18040 James Couzens Fwy - Detroit
    18040 James Couzens Fwy, Bagley, Detroit, MI
    For Lease
    • Contact for pricing
    Property
    • Office
    • 2,000 Sqft
    Availability
    • 1 Space
    • 100 Sqft
    View Details
  • 7375 Woodward Ave - Detroit
    7375 Woodward Ave, Middle Woodward, Detroit, MI
    For Lease
    • $18.75/Sqft/Year
    Property
    • Office
    • 72,695 Sqft
    Availability
    • 1 Space
    • 45,248 Sqft
    View Details
  • 25510 Plymouth Road - Redford
    25510 Plymouth Road, Redford, MI
    For Lease
    • $12/Sqft/Year
    Property
    • Office
    • 2,542 Sqft
    Availability
    • 1 Space
    • 2,542 Sqft
    View Details
  • 1111 Bellevue - Detroit
    1111 Bellevue, Butzel - Indian Village, Detroit, MI
    For Lease
    • $13/Sqft/Year
    Property
    • Industrial
    • 60,000 Sqft
    Availability
    • 1 Space
    • 3,430 Sqft
    Year Built
    • 1915
    View Details
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  • Cadillac Tower - Detroit
    65 Cadillac Square, Downtown Detroit, Detroit, MI
    For Lease
    • $16.5 - $25/Sqft/Year
    Property
    • Office
    • 400,000 Sqft
    Availability
    • 2 Spaces
    • 13,500 Sqft
    Year Built
    • 1926
    View Details
  • 610 W Congress - Detroit
    610 W Congress, Downtown Detroit, Detroit, MI
    For Lease
    • $22.95/Sqft/Year
    Property
    • Office
    • 25,976 Sqft
    Availability
    • 1 Space
    • 25,976 Sqft
    View Details
  • Farmer John's Shopping Center - Detroit
    9701-9747 Harper Avenue, Airport, Detroit, MI
    For Lease
    • $14/Sqft/Year
    Property
    • Retail
    • 30,129 Sqft
    Availability
    • 1 Space
    • 1,500 Sqft
    Year Built
    • 1962
    View Details
  • Cabot Business Park - Detroit
    4815 Cabot St., Chadsey, Detroit, MI
    For Lease
    • Contact for pricing
    Property
    • Industrial
    • 628,159 Sqft
    Availability
    • 1 Space
    • 127,232 Sqft
    View Details
  • 8 & Beech Plaza - Redford
    25755 - 25775 8 Mile, Redford, MI
    For Lease
    • $16/Sqft/Year
    Property
    • Retail
    • 4,000 Sqft
    Availability
    • 1 Space
    • 1,155 Sqft
    View Details
  • Gateway Marketplace - Detroit
    1371 W 8 Mile Road, State Fair - Nolan, Detroit, MI
    For Lease
    • $30/Sqft/Year
    Property
    • Retail
    • 10,000 Sqft
    Availability
    • 1 Space
    • 3,434 Sqft
    Year Built
    • 2013
    View Details
  • 10201 Joseph Campau Avenue - Hamtramck
    10201 Joseph Campau Avenue, Hamtramck, MI
    For Lease
    • Contact for pricing
    Property
    • Retail
    • 13,600 Sqft
    Availability
    • 4 Spaces
    • 13,600 Sqft
    Year Built
    • 1930
    View Details
  • 19701 Vernier Road - Harper Woods
    19701 Vernier Road, Harper Woods, MI
    For Lease
    • $17/Sqft/Year
    Property
    • Office
    • 28,000 Sqft
    Availability
    • 5 Spaces
    • 32,735 Sqft
    Year Built
    • 1984
    View Details
  • 21300-21316 Mack Ave - Grosse Pointe Woods
    21300-21316 Mack Ave, Grosse Pointe Woods, MI
    For Lease
    • $15.5 - $17.5/Sqft/Year
    Property
    • Office
    • 12,000 Sqft
    Availability
    • 2 Spaces
    • 4,374 Sqft
    Year Built
    • 1968
    View Details
  • Redford Plaza - Redford
    27302-27350 Plymouth Rd, Redford, MI
    For Lease
    • $14/Sqft/Year
    Property
    • Retail
    • 85,000 Sqft
    Availability
    • 1 Space
    • 2,400 Sqft
    View Details
  • EZ Storage II - Detroit
    4849 Canyon Street, Finney, Detroit, MI
    For Lease
    • $12/Sqft/Year
    Property
    • Office
    • 36,000 Sqft
    Availability
    • 1 Space
    • 4,000 Sqft
    Year Built
    • 2020
    View Details
  • Dequindre Warehouse in Green Zone - Detroit
    14650 Dequindre Road, Davison, Detroit, MI
    For Lease
    • $1/Year
    Property
    • Industrial
    • 43,324 Sqft
    Availability
    • 1 Space
    • 5,000 Sqft
    Year Built
    • 1960
    View Details
  • New Center One - Detroit
    3031 W Grand Blvd - Retail, Middle Woodward, Detroit, MI
    For Lease
    • Contact for pricing
    Property
    • Retail
    • 496,208 Sqft
    Availability
    • 1 Space
    • 8,700 Sqft
    Year Built
    • 1982
    View Details
  • 17341 W. 7 Mile - Detroit
    17341 W. 7 Mile, Greenfield, Detroit, MI
    For Lease
    • $15 - $20/Sqft/Year
    Property
    • Retail
    • 5,625 Sqft
    Availability
    • 2 Spaces
    • 5,300 Sqft
    View Details
  • Piquette Building - Detroit
    411 Piquette Avenue, Middle Woodward, Detroit, MI
    For Lease
    • $15 - $28/Sqft/Year
    Property
    • Office
    • 110,000 Sqft
    Availability
    • 4 Spaces
    • 108,000 Sqft
    Year Built
    • 2019
    View Details
  • Chene Square Center - Detroit
    2664-2690 East Jefferson Avenue, Lower East Central, Detroit, MI
    For Lease
    • Contact for pricing
    Property
    • Retail
    • 25,616 Sqft
    Availability
    • 3 Spaces
    • 11,758 Sqft
    View Details

Detroit, MI Commercial Real Estate

There are currently 952 commercial listings available in Detroit, MI. These listings include 457 commercial spaces that encompass a total of 8,351,479 square feet. Available commercial spaces in Detroit, MI range in size from 1 square feet to 865,754 square feet. A total of 599 off-market commercial properties located in Detroit, MI are also available for research.

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Detroit, MI Economic Overview

Location Photo

The city of Detroit, nicknamed “Motor City”, as its home to the headquarters of the Big Three American automakers, is located in southeastern Michigan, near the Great Lakes. With over 675,000 inhabitants, Detroit is the largest city on the U.S.-Canadian border. Combined with the greater metropolitan area, also known as Metro Detroit, the entire population of the Detroit MSA tops 4.3 million people. Due to its location along the Detroit River, with access to the Saint Lawrence Seaway via Lake Erie and beyond, Detroit is a major shipping and transportation hub, with the Detroit Metropolitan Airport being one of the most important in the U.S.

Location and demand are driving the Detroit commercial real estate market consistently upward.

Motor City is home to the headquarters of General Motors, Ford and Chrysler. Besides automobile manufacturing, other major industries that drive the business market in Detroit include finance, medical, health, education and energy. Numerous mixed-use and residential projects have hit the market or are underway, pushing the residential occupancy rate of Midtown Detroit to 96%. JPMorgan Chase began is investing over $100 million in Detroit's economy, focusing on development projects, job training, small business initiatives, and light rail.

Detroit, MI Commercial Real Estate Market

Detroit's diverse economy of manufacturing, healthcare and technology, along with the area's low cost structure, available workforce and educational infrastructure has continued to attract interest from major global businesses and investors. Detroit has been named the City Of Design by UNESCO, making it the first city in the U.S. to earn this recognition. Across the office, retail and industrial segments, commercial real estate in Detroit continues to post low vacancy, strong net absorption and increasing rental rates.

With almost 197 million square feet of office space in Detroit, absorption, vacancy and rents all continue to move in a positive direction. The build-to-suit market is being driven in part by large auto suppliers and other businesses finding it difficult to locate modern office space. This, in turn, has caused an increase in build-to-suits in Detroit, with nearly 190,000 square feet just hitting the market in 2016 and over 670,000 square feet of office space still in development as of mid-2017.

With nearly 250 million square feet of retail space in Metro Detroit the outlook remains strong. Nearly 540,000 square feet of retail space has hit the market in the first half of 2017, with an equal amount currently under development as tenants demand newer, more modern space.

There is just under 52 million square feet of industrial space in Metro Detroit, with an overall vacancy rate of under 4%. Rents, absorption and vacancy are all moving in the right direction and there are numerous high-quality projects in the pipeline that are attracting institutional investors. During the first half of 2017, 130,000 square feet of new industrial space has been brought to market, with another 80,000 square feet under development.

Detroit, MI Office Sales Volume

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Detroit, MI Office Transactions

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Detroit, MI Commercial Inventory Breakdown

Office Spaces

Total: 35,097,724 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 4,014,491 SF / 11.44% of total office
  • 100k to 500k SF: 15,030,369 SF / 42.82% of total office
  • 500k to 1M SF: 13,223,864 SF / 37.68% of total office
  • > 1M SF: 2,829,000 SF / 8.06% of total office

By class:

  • Class A+: 898,000 SF / 2.56% of total office
  • Class A: 15,705,501 SF / 44.75% of total office
  • Class B: 17,169,602 SF / 48.92% of total office
  • Class C: 832,796 SF / 2.37% of total office

Industrial

Total: 68,245,139 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 8,949,426 SF / 13.11% of total industrial
  • 100k to 500k SF: 28,366,045 SF / 41.56% of total industrial
  • 500k to 1M SF: 9,240,806 SF / 13.54% of total industrial
  • > 1M SF: 21,688,862 SF / 31.78% of total industrial

By class:

  • Class A: 16,411,971 SF / 24.05% of total industrial
  • Class B: 30,905,832 SF / 45.29% of total industrial
  • Class C: 19,460,618 SF / 28.52% of total industrial

Office Spaces with Retail

Total: 3,852,372 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 1,409,527 SF / 36.59% of total office with retail
  • 100k to 500k SF: 2,442,845 SF / 63.41% of total office with retail

Employment in Detroit, MI

Employment

Several major corporations are based in Detroit including General Motors headquarters, Quicken Loans headquarters, Ally Financial HQ, DTE Energy HQ and Blue Cross Blue Shield of Michigan. Over 80,000 people are employed in Detroit's central business district, with thousands more in the submarkets of Midtown Detroit, Corktown and the Rivertown/Warehouse District. According to the BLS, the civilian labor force in Metro Detroit is just under 780,000.

A quick glance at the top 10 employers in Detroit shows the continuing diversification of the business base:

  • Detroit Medical Center with almost 11,500 workers
  • City of Detroit with nearly 9,600 employees
  • Quicken Loan with almost 9,200 employees
  • Henry Ford Health System with over 8,800 people
  • Detroit Public Schools with a staff of nearly 6,600
  • S. Government with over 6,300 workers
  • Wayne State University with over 6,000 people
  • Chrysler with over 5,400 employees
  • Blue Cross Blue Shield with a staff of over 5,400
  • General Motors with over 4,300 employees

There is a notable trend of businesses consolidating offices and relocating from the suburbs to the central business district in properties such as Renaissance Center and Kennedy Square. This, in turn, has driven the demand for modern offices space in Detroit and new retail development, and has pushed the residential occupancy levels Downtown to very high levels, as people seek to live, work and play in the same area and avoid a daily commute.

Education in Detroit, MI

As the largest school district in Michigan, the Detroit Public School system has 66,000 students enrolled in its public schools and nearly 56,000 in its charter schools.  Supplementing the public school system are various private schools along with the Roman Catholic Schools operated by the Archdiocese of Detroit.

One of the most prominent universities in Detroit is Wayne State University, located in the Midtown area of the city.  The university is recognized as a prominent research university, with separate schools for the study of medicine and law.  Other colleges and universities in Metro Detroit include the University of Detroit Mercy, Sacred Heart Major Seminary, University of Michigan and Michigan State University.

Commuting Time in Detroit, MI

At 24 minutes, the commuting time to get to work in Detroit is a little below the U.S. average of 24.8 minutes. Elevated rail in downtown Detroit, light rail, mass transit, the extensive highway system, and the movement of residents back into downtown Detroit continue to keep the commuting time in Detroit low.

Due to its proximity to Canada, Metro Detroit is a main transportation hub with heavily used ports, highways, railway and airports. In fact, the Detroit area is responsible for over 27% of the total trade transportation between the U.S. and Canada.

  • Four major interstate highways surround Metro Detroit and also connect with Ontario and Toronto, Canada.
  • Detroit Metropolitan Wayne County Airport (DTW) is the main airport serving the Detroit MSA and is one of the main hubs for Delta Air Lines and a secondary hub for Spirit Airlines.
  • Mass transit bus service between Detroit and the suburbs is provided by the Detroit Department of Transportation and SMART, with the Regional Transit Authority overseeing the operation of all mass transit.
  • Sophisticated elevated and light rail systems continue to attract residents to live and work in downtown Detroit. The People Mover is an elevated system that operates in a nearly 3 mile loop around downtown, and the QLINE light rail links the People Mover to the Detroit Amtrak Station.

Detroit Demographics

Population

  • Total Population674,841
  • Male Population(47.4 %) 319,893
  • Female Population(52.6 %) 354,948
  • Median Age34.70

Income/Financial

  • Average Household Income$44,724
  • Median Household Income$30,894
  • Median Income Under 25$20,577
  • Median Income 25-44$31,258
  • Median Income 45-64$31,443
  • Median Income Over 65$31,284

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