Metro Detroit Commercial Real Estate Market Outlook 2025 and 2024 Review
Friedman Real Estate is proud to present its comprehensive Metro Detroit commercial real estate market outlook for 2025, along with an in-depth review of 2024 performance. These reports cover retail, office, industrial, and multifamily sectors, providing actionable insights for investors, developers, and property owners.
- Download all four reports below:
- RETAIL
- MULTIFAMILY
- OFFICE
- INDUSTRIAL
2024 Market Highlights
- Retail: Vacancy rates remained stable as experiential retail and food service drove leasing activity.
- Multifamily: Strong occupancy and rent growth continued despite economic headwinds, supported by demand for quality housing.
- Office: Hybrid work trends impacted absorption, but Class A properties in prime locations maintained strong performance.
- Industrial: Record-low vacancies and rising rents fueled by e-commerce and logistics demand.
2025 Outlook for Metro Detroit CRE
- Retail: Expect continued demand for service-oriented tenants and adaptive reuse of big-box spaces.
- Multifamily: New construction will moderate, but demand remains strong for well-located communities.
- Office: Flight to quality persists; landlords offering flexible layouts and amenities will outperform.
- Industrial: Supply chain resilience and nearshoring trends will keep industrial space in high demand.
Why These Reports Matter
Understanding market dynamics is critical for making informed investment decisions. These reports provide:
- Vacancy and absorption trends
- Rental rate forecasts
- Investment opportunities and risk factors
- Economic drivers shaping Metro Detroit CRE
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