What’s holding back the Detroit retail sector? Sluggish population growth
Detroit's retail market faces a challenge unique to the city: The population is growing too slowly in the Detroit area. That makes life more challenging…
Detroit
Median one-bedroom apartment rents fall more than 13% in Detroit market on year-over-year basis
The average monthly apartment rent for the United States fell again in February, according to the latest rent report from Zumper. But Zumper also said…
Savills adds managing directors to Detroit office
Savills added Michael Bennett, Corporate Managing Director, and Addison Williams, Managing Director, Capital Markets, to its Detroit office. Bennett brings more than 40 years of…
Lack of new inventory should mean steady vacancy rates in Detroit’s office sector
A lack of new speculative development should help keep vacancy rates steady in Detroit's office sector, according to the latest research from Marcus & Millichap.
ULI Michigan honors Peter Cummings with Lifetime Achievement Award
Urban Land Institute Michigan honored real estate developer and philanthropist Peter D. Cummings with its 2026 Lifetime Achievement Award. Cummings will be honored at the…
Marcus & Millichap names regional manager in Detroit office
Marcus & Millichap promoted Gordon Navarre to the role of regional manager of the firm’s Detroit office. Navarre began his career with Marcus & Millichap in 2006…
Celebrating a resilient market at Detroit Apartment & Multifamily Summit
The multifamily market remains resilient across the United States. Detroit and its surrounding communities are no exception. The mood was positive, then, at the sixth…
Developers working Detroit’s industrial market taking a cautious approach
Cautious. That's how Savills describes the approach that developers are taking when it comes to adding new industrial buildings in the Detroit market.
The top city for apartment conversions in 2024? It was Chicago
Chicago became the top city for apartment conversion projects in 2024, according to the latest research from RentCafe.
What the Fall 2025 NAIOP CRE Sentiment Index means for local property owners
The Fall 2025 NAIOP CRE Sentiment Index is one of the most closely watched barometers of the commercial real estate industry. This year’s reading—56, up…