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A Perfect Storm of New Supply and Falling Demand is Set to Flood the Detroit Office Market

The Pandemic and Proliferation of Remote Work Compound Concerns
 The 400,000-square-foot SOMA Midtown project is one of several large office developments underway in the Detroit market. (Volume One)
The 400,000-square-foot SOMA Midtown project is one of several large office developments underway in the Detroit market. (Volume One)
By Jonathan Chapin
CoStar Analytics
August 28, 2020 | 8:59 P.M.

As if a world-changing illness and potential systemic change to the traditional office concept weren’t enough, the 1.75 million square feet of new office space that is set to come on line by April 2021 should only compound concerns for the Detroit office market.

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