Skip to main content Skip to footer

2020 Q3 Traverse City Market Report

Download Report
iStock663198710

Large transactions come to a pause in Traverse City market 

The commercial real estate market in Traverse City has mirrored the rest of the country when it comes to slowdowns due to the COVID-19 pandemic. Q3 in Traverse City showed a major pause across all sectors, especially when it came to new transactions of substantial size. As expected, the retail sector was impacted the most, with multiple restaurants and local businesses shutting their doors. The office sector is now experiencing an uptick in vacancy as companies downsize their office footprints as more employees have continued to work from home. The industrial sector has remained stable, with few buildings entering the market on a sale or lease basis. The slowdown is expected to continue beyond Q3,


iStock663198710

2020 Q3 Traverse City Market Report

Download Report
Related Experts

Steve Poole

Vice President

Grand Rapids

I have been working in the commercial real estate industry since 1996. During this time, I have successfully completed hundreds of commercial real estate transactions for various property types and sizes. 

Throughout my career, I have consistently been a top producer, representing clients on national, regional and local levels to fulfill their commercial real estate portfolio requirements. My experience includes transactions across several sectors including industrial, office, retail, land and other unique property types.

I proudly represent Colliers and utilize their research, insights and resources to provide top-tier commercial real estate services throughout Northern Michigan, working out of the Traverse City office.

My specialties include landlord and owner representation, corporate real estate representation, real estate portfolio planning, tenant and buyer representation, investment sales, sale leasebacks and land sales. 

View expert