Report | Detroit Law Firm Outlook - 2015
Detroit’s CBD has recently seen a sharp decline in available space, as more large corporations relocate or expand their operations downtown. Many landlords are upgrading existing office towers and increasing rents are core market fundamentals tighten. We expect Detroit to be landlord-favorable starting in 2017.
A growing shift towards the urban market from suburban locations has opened up opportunities for firms to find premium office space in the suburbs at a discount. Large blocks of Class B office space also remain available.
Our local Law Firm Perspective provides a thorough overview of the Detroit market to help you better shape your strategy. We explore conditions across Detroit, from rental rates—including premiums for Trophy space and discounts for Class B space—to demand among professional and business services firms.
(Click here to see an overview of 2015 national law firm trends and market comparisons.)
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