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2021 Q1 Industrial Market Report

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Q1 2021_1536x1040Industrial

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. 

Key Takeaways

  • 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.

Q1 2021_1024x972Industrial

2021 Q1 Industrial Market Report

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Related Experts

Amber Goodwin

Research Manager

Detroit

Market research and administrative professional with a thorough understanding of the industry and local market conditions.  Primarily focused on collecting and interpreting data; reporting analysis in presentation quality, fact-driven reports thereby allowing decision makers to intelligently respond more rapidly to market opportunities. 

 

 

 

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