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Landlords push rents as quality blocks dwindle
Detroit
• Asking warehouse/distribution rates remained flat in the third quarter of 2015, averaging $4.30 per
square foot. The I-96 corridor submarket had the highest average rental rate at $5.74 per square foot
while the Detroit submarket came in lower at $2.97 per square foot. R&D and flex rates are double that
of warehouse/distribution in almost all submarkets, and continue to fluctuate significantly among the
geographic market sectors. Rates range as high as $12.03 per square foot in the Washtenaw County
submarket to as low as $6.06 per square foot in the City of Detroit submarket.
Source: JLL Research
Chart of the week: October 19, 2015
7%
9%
11%
13%
15%
17%
19%
21%
$3.80
$4.00
$4.20
$4.40
2010 2011 2012 2013 2014 2015
Asking rents Total availability

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JLL Detroit Chart of the Week: October 19, 2015

  • 1. Landlords push rents as quality blocks dwindle Detroit • Asking warehouse/distribution rates remained flat in the third quarter of 2015, averaging $4.30 per square foot. The I-96 corridor submarket had the highest average rental rate at $5.74 per square foot while the Detroit submarket came in lower at $2.97 per square foot. R&D and flex rates are double that of warehouse/distribution in almost all submarkets, and continue to fluctuate significantly among the geographic market sectors. Rates range as high as $12.03 per square foot in the Washtenaw County submarket to as low as $6.06 per square foot in the City of Detroit submarket. Source: JLL Research Chart of the week: October 19, 2015 7% 9% 11% 13% 15% 17% 19% 21% $3.80 $4.00 $4.20 $4.40 2010 2011 2012 2013 2014 2015 Asking rents Total availability