Companies Flee Suburbs for Detroit Office Space

More and more businesses in suburban Detroit are packing up an moving into the center of the city.

Vacancy rates for suburban offices are on the rise, while in the city rates are stabilizing.

"'I can't recall such a situation like this in my career when the momentum is clearly in favor' of downtown Detroit, said John DeGroot, vice president of research in the Southfield office of Grubb & Ellis Co., a commercial real estate advisory firm. 'It's too soon, really, to say how long the impact will be other than to say that the central business district is going be much more competitive with the suburbs. And that's really not a bad thing.'

The short-term impact will be felt the most in Oakland County office building strongholds such as Southfield and Troy, whose vacancy rates already have risen in the past two years."

Full Story: As Detroit's offices fill up, suburbs feel pain


Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
AICP CTP Storefont Display

The first online AICP* CTP exam prep class

Are you ready to take the AICP* Certified Transportation Planner exam?
Priced at $245 for May exam!
Book cover of Unsprawl

Unsprawl: Remixing Spaces as Places

Explore visionary, controversial and ultimately successful strategies for building people-centered places.
Starting at $12.95

NEW! City Map Posters

Available in 9 different cities.