The industrial sector in Michigan has been a strong performer the past few years with tightened vacancies and rising rents. But in recent months, economic headwinds ranging from rising inflation, increasing interest rates from the Federal Reserve and continuing geopolitical uncertainty have slightly weighed down demand, slowing rent growth.
Detroit, Grand Rapids Markets Pull Back From Record Industrial Rent Growth
Statewide Industrial Sector Faces Economic Headwinds
CoStar Analytics
August 18, 2022 | 8:37 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In