Detroit, MI Commercial Real Estate Market Overview
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.