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1,053 Commercial Real Estate Listings in Detroit, MI

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Detroit, MI Commercial Real Estate

There are currently 1,042 commercial listings available in Detroit, MI. These listings include 433 commercial spaces that encompass a total of 8,841,133 square feet. Available commercial spaces in Detroit, MI range in size from 0 square feet to 865,754 square feet. A total of 736 off-market commercial properties located in Detroit, MI are also available for research.

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Detroit, MI Commercial Real Estate Market Overview

Location Photo

Following Detroit’s post-deindustrialization population decline, well-organized private and public investment plans in recent decades have contributed greatly to the economic and cultural resurgence of the city. In fact, through its combination of reinvestment and revamped social policies, Detroit has come to serve as a role model for all areas that are looking to re-energize their urban centers. As a result, commercial real estate in Detroit is now among the most attractive in the nation — to developers and investors alike.

Specifically, the city’s revitalized central business district is home to some of the country’s most impressive commercial complexes, as well as a large number of value-add historic properties, which offer great potential for flexibility of space and can accommodate enterprises of all sizes and operating in any industry. Detroit meets the needs for business growth in an increasingly diverse business environment — home to high tech business incubators; enterprises working in cybersecurity and defense; information technology and software companies. So, it’s no surprise that the region leads the nation in stimulating demand for broadband.

Detroit, MI Commercial Inventory Breakdown

In 2022 the Detroit, MI commercial real estate market totaled 37,553,542 square feet of office spaces, 3,945,668 square feet of office spaces with retail, and 70,937,147 square feet of industrial space.

Office Spaces

Total: 37,553,542 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 3,835,908 SqFt 10.21% of total office
100k to 500k SqFt 14,479,369 SqFt 38.56% of total office
500k to 1M SqFt 12,238,766 SqFt 32.59% of total office
> 1M SqFt 6,999,499 SqFt 18.64% of total office
By class:
Class A+ 898,000 SqFt 2.39% of total office
Class A 15,415,279 SqFt 41.05% of total office
Class B 17,949,334 SqFt 47.8% of total office
Class C 833,859 SqFt 2.22% of total office
Roughly 32.59% of the total office space in Detroit, MI is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 10.21% of the office inventory.

Class A office space holds a 41.05% share of the overall Detroit, MI office market, while Class B office assets make up approximately 47.8%.

Industrial

Total: 70,937,147 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 10,402,875 SqFt 14.66% of total industrial
100k to 500k SqFt 30,005,758 SqFt 42.3% of total industrial
500k to 1M SqFt 8,839,652 SqFt 12.46% of total industrial
> 1M SqFt 21,688,862 SqFt 30.57% of total industrial
By class:
Class A 17,526,623 SqFt 24.71% of total industrial
Class B 31,928,197 SqFt 45.01% of total industrial
Class C 19,802,577 SqFt 27.92% of total industrial
There are 30,005,758 square feet of commercial real estate properties between 100k to 500k square feet, representing 42.3% of the Detroit, MI industrial inventory. Class A assets total 17,526,623 square feet of industrial space, with an additional 31,928,197 square feet of Class B and 19,802,577 square feet of Class C properties.

Office Spaces with Retail

Total: 3,945,668 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 1,502,823 SqFt 38.09% of total office with retail
100k to 500k SqFt 2,442,845 SqFt 61.91% of total office with retail

Detroit, MI Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Detroit, MI Office 94 3,069,326
Detroit, MI Retail 125 784,288
Detroit, MI Industrial 66 4,969,427
Detroit, MI Other 350 9,751,596
Ofice Icon

94

Office

Industrial Icon

66

Industrial

Retail Icon

125

Retail

Current local active listing encompass 18,574,637 square feet of commercial space for lease in Detroit. There are 94 active office listings, which amount to 3,069,326 square feet and account for 14% of commercial spaces on the market. Local retail availability includes 784,288 square feet across 125 listings. Current industrial offerings on the market amount to 4,969,427 square feet across a total of 66.

Employment in Detroit, MI

Employed Population 261,192

Employed population - Industry % Distribution

Production, transportation, and material moving occupations

26%

Management, business, science, and arts occupations

25%

Service occupations

24%

Sales and office occupations

20%

Natural resources, construction, and maintenance occupations

6%

In 2020, roughly 26% of a total of 261,192 employed in Detroit worked in Production, transportation, and material moving occupations, followed by 25% in Management, business, science, and arts occupations and 24% in Service occupations.

Income per capita $21,044  Median household income $33,965

Household income

66%

Under $50k

24%

$50k - $100k

9%

$100k - $200k

2%

Over $200k

The median household income in Detroit stands at $33,965, with per capita income at $21,044. Households earning between $50k and $100k represent 24% of the total, while those earning over $200k make up 2%. Approximately 66% of Detroit households earn less than $50k per year.

Commuting in Detroit, MI

Mean travel time to work 25 minutes

Means of transportation to work

68.40%

Driving alone

14.20%

Carpool

7.50%

Public transit

0.50%

Bicycle

3.50%

Walking

2.40%

Other

3.50%

Work at Home

*Universe: Workers 16 and over

The mean travel time to work in Detroit in 2020 was 25 minutes. Around 68.40% of workers commute by Driving alone, 14.20% Carpool and 7.50% by Public transit.

Education in Detroit, MI

High school grad or higher 84%

Bachelor's degree or higher 17%

Population by minimum level of education

16%

No degree

35%

High school

32%

Some College

10%

Bachelor's

7%

Post-grad

*Universe: Workers 25 and over

An estimated 84% of Detroit residents aged 25 or over hold a high school degree or higher. Of those, 35% are high school graduates, 32% attended some college, 10% earned a bachelor's degree, with an additional 7% holding post-graduate degrees.

Detroit, MI Demographics

As of 2020, Detroit had a total population of 670,052, with a median age of 35.00 years. Roughly 64.50% of the total population was between the ages of 16 and 64 years old.