Office-using employment sectors have experienced substantial employment expansion over the last year. Appropriately, office vacancy has continued to decline.

1. Office Leasing Activity Report
Detroit
Q2 2015
This report analyzes all closed office leases > 10,000 s.f.
Leasing activity by size
650,807
11
1,303,309
26
471,928
831,381
92.5
Growing Shrinking Stable
79,662
89,781
674,355
285,511
174,000
0
Top 10 lease transactions during the quarter
Size Footprint Term (mos)
321,027 Growing 153
135,000 Growing 120
100,000 Growing N/A
90,000 Growing N/A
78,601 N/A 87
49,375 Stable 72
48,000 Shrinking N/A
45,000 Stable 120
44,000 Growing 120
43,000 Growing 120HelloWorld 3000 Town Center Southfield Direct
Dana Limited 27870 Cabot Dr Northern I-275 Corridor Direct
St. John Providence Health
System
2800 Livernois Rd Troy Direct
Fiserv 3600 Crooks Rd Troy
Publicis Groupe
Direct
Towers Watson 26555 Evergreen Road. Southfield Direct
Direct
100 Phoenix Dr WashtenawTruven Health Analytics
General Motors
Google
Direct
27555 Farmington Rd Farmington Hills Direct
3310 W. Big Beaver Road Troy
Type
500 Woodward Ave Detroit DirectAlly Financial
Tenant Address Submarket
Direct
28405 Van Dyke Ave Macomb
At a glance
Total s.f. leased QTD
Total transactions QTD
Total s.f. leased YTD
Tenant footprint
12 1 13
Total transactions YTD
Leasing activity by transaction type
Leasing activity by submarketLeasing activity by industry
Total Class A s.f. leased
Expansion in market
Expansion in building
Renewal
Extension (< 36-month term)
Relocation within market
New to market
Average term (mos)
Total Class B s.f. leased
2 3 - 8 12
-
100,000
200,000
300,000
400,000
500,000
100,000+ 75,000-99,999 50,000-74,999 30,000-49,999 20,000-29,999
Total leased Number of leases
29.3%
17.4%
14.5%
14.3%
8.8%
7.7%
5.0%
3.1%
Detroit
Troy
Washtenaw
32.6%
16.7%
13.7%
10.7%
6.3%
6.0%
3.6%
3.5%
Banking finance insurance
Other professional and business services
Healthcare
Manufacturing and distribution
Technology
Marketing advertising communications PR
Law firm
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
Q3 2014 Q4 2014 Q1 2015 Q2 2015
Historical leasing activity
Source: JLL Research 2015 Jones Lang LaSalle IP, Inc. All rights reserved.