With initiatives such as Move Across Troy, which aims to improve pedestrian access between office buildings and businesses in nearby strip malls, suburban submarkets such as Troy and Southfield have shown a willingness to adapt in order to compete for credit worthy tenants

1. Detroit’s suburbs still have advantages over
the CBD
Detroit
• With initiatives such as Move Across Troy, which aims to improve pedestrian access between office
buildings and businesses in nearby strip malls, suburban submarkets such as Troy and Southfield have
shown a willingness to adapt in order to compete for credit worthy tenants. It is hard not to be influenced
by all the excitement downtown, but there are attributes about the CBD that either make sense for your
company or do not. Contrary to the urban core, the suburbs offer readily available parking, discounted
rental rates and shorter commute times. Large tech-oriented tenants will need to closely examine the
benefits of an urban vs. suburban address before making their next real estate decision.
Source: JLL Research
Chart of the week: February 16, 2016
$15.00
$17.50
$20.00
2012 2013 2014 2015
CBD Southfield Troy
Average Office Rents