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Detroit Ann Arbor Retail Market Report Q1 2022

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Detroit Ann Arbor Retail Market Report Q1 2022

The Metro Detroit retail market posted positive net absorption for the fifth consecutive quarter signaling resilient consumer demand. 

 

Key Takeaways

  • Net absorption totaled 378K SF, remaining
    positive for the fifth straight quarter, keeping
    vacancy rate at 5.1%.
  • The Macomb submarket saw the most leasing
    activity.
  • Year over year rent growth of 8.6%.

Retail Market Holding Steady

Despite workforce shortages, supply chain delays, and soaring inflation, Metro Detroit’s retail market is holding steady. For the fifth consecutive quarter, the market has posted positive net absorption, most recently 378,477 square feet. Vacancy remained unchanged at 5.1% from the previous quarter and the overall asking rate of $15.54 NNN increased 8.6% year over year.


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Detroit Ann Arbor Retail Market Report Q1 2022

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Related Experts

Katie Rizzo

Senior Research Analyst

Detroit

Katie joined Colliers International in 2013 as an Administrative Assistant to the retail team in the Detroit office.  Katie provides administrative support by processing and maintaining the required paperwork associated with the listing, sale or lease of a property, as well as the production of client deliverables and presentations.

In 2014, Katie became the Colliers University Advocate for the Detroit and Ann Arbor offices.  As the office advocate, Katie is responsible for promoting various classes to continually enhance skills, tools, and service to clients.

Prior to joining Colliers, Katie worked as a Marketing Specialist for an independent residential real estate firm, providing her  a vast knowledge of the Real Estate industry.‚Äč 

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