  Thejesus Member Username: Thejesus Post Number: 2322 Registered: 06-2006 |
http://www.crainsdetroit.com/a pps/pbcs.dll/article?AID=/2007 1008/SUB/710080311/-/-/detroit -tops-in-3q-office-rentals | ||
Johnlodge Member Username: Johnlodge Post Number: 2968 Registered: 10-2003 |
Excellent news. Fear not, suburbs. A strong core city will benefit you in the end. | ||
Eric Member Username: Eric Post Number: 957 Registered: 11-2004 |
Hopefully, the city can land BoA and strengthen the existing office market even more. | ||
Spiritofdetroit Member Username: Spiritofdetroit Post Number: 632 Registered: 11-2006 |
wow. this is really good news. a change in the trend for sure. It is great to see Detroit very low on the list for Class A space available as well. 16% occupancy rate, while the average is above 20% for the metro region. | ||
Apbest Member Username: Apbest Post Number: 630 Registered: 03-2006 |
that's 16% vacancy, not occupancy...we'd be in a world of trouble if that was the case  | ||
Focusonthed Member Username: Focusonthed Post Number: 1347 Registered: 02-2006 |
Not bad. Downtown Chicago is currently at 13.2%, down from 16.2% last year, same as Detroit this year. (Message edited by focusonthed on October 08, 2007) | ||
Spiritofdetroit Member Username: Spiritofdetroit Post Number: 636 Registered: 11-2006 |
oops, thanks Apbest. you're right, we'd be in big trouble if that were the case! Focus- Chicago is 13.2% Class A or overall?? I wouldve expected Chicago to be a bit lower than that for A space. (Message edited by SpiritofDetroit on October 08, 2007) | ||
Viziondetroit Member Username: Viziondetroit Post Number: 1141 Registered: 11-2003 |
Sounds good to me.... the inner city has more to offer than the burbs in my opinion. More culture, events, entertainment, eating. More and more people like to do things after work than drive home. | ||
Johnlodge Member Username: Johnlodge Post Number: 2971 Registered: 10-2003 |
"More and more people like to do things after work than drive home." Oh yeah. I can tell you this from when I worked in downtown Royal Oak: there is nothing better after completing a big successful project, then walking the team next door and boozing it up to celebrate. | ||
Focusonthed Member Username: Focusonthed Post Number: 1350 Registered: 02-2006 |
13.2% for Chicago is overall space. I'm sure Class A is much lower. The east side of the loop is the area with the highest vacancy (over 20%)--not coincidentally, there is very little Class A space there. Some areas (high in class A space) are between 5-8% vacant. (Message edited by focusonthed on October 08, 2007) | ||
Johnlodge Member Username: Johnlodge Post Number: 2983 Registered: 10-2003 |
How can you have such defined statistics, when there are no universally accepted criteria for "classes" of office buildings? Or do you guys know something I don't? | ||
Spiritofdetroit Member Username: Spiritofdetroit Post Number: 638 Registered: 11-2006 |
jonhlodge - while there may not be universal criteria, this report has them classified. Focus - the 13% vacancy for Detroit is Class A, so when the other classes are factored in it is much higher. |
