Demand for industrial space in Metro Detroit continues into 2021
Demand for industrial space in Metro Detroit continues into 2021. Several significant leases were signed in the first quarter and new construction activity continues to be met with user activity. Logistics and e-commerce operators, like Amazon continue to sign leases for new warehouse space throughout the region.
- A shift in consumer spending habits from services to durable goods creates demand for industrial, especially warehouse and logistics space.
- The Metro Detroit industrial market experienced over 1.7-million square feet positive absorption in the first quarter.
- Limited availability of industrial buildings forces tenants to look to new construction to meet their space needs.