| Industrial vacancy rates remain at record low levels. Industrial building property values in the county are continuing to creep up.. This will be monitored over the coming months to see if the trend continues. Overall the market is still strong and will be for the foreseeable future.
This email is provided as a service to clients, colleagues, and friends of the Colliers Macomb Team. Let us know if you need any other detailed research or market specific information. And, as always, let us know how we can help with any pending needs or vacancies.
We have more buyers than properties available for both user’s and investors in Macomb County. If you have ever wondered the current value of any of your buildings please let me know the address and I will conduct a broker opinion of value and help you get a better idea of the true value in today’s market.
| Vacancy and Rental Rates
Macomb Industrial Space 2.0% Vacant $7.25 Average Rental Rate
Macomb Office Space 6.9% Vacant $17.64 Average Rental Rate
Macomb Retail Space 5.1% Vacant $15.49 Average Rental Rate |
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| For Sale Asking Rate Average
Macomb Industrial Space $62 per Square Foot
Macomb Office Space $99 per Square Foot
Macomb Retail Space $116 per Square Foot |
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Best Regards,
Justin Francek
Senior Associate
Cell: 586-227-9515
Office: 586-254-0900
www.macombcre.com
Pilot Property Group
44400 Van Dyke Ave Ste 101, Sterling Heights, MI 48314
Main +1 586 254 0900 |
