We saw a sharp drop in the vacancy rate of industrial building’s Macomb month over month.  The market is very tight with only 1.2 percent of buildings being vacant, lease and sale rates are continuing to climb.

Very interesting article below from Macomb County Planning and Economic Development.  It was announced in that Macomb county created the more new manufacturing jobs than anywhere else in the county.  Great news for the area.

https://ped.macombgov.org/ped-MacombCountyTopsTheNationInNewManufacturingJobs

This email is provided as a service to clients, colleagues, and friends of the Pilot Property Group. 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     1.2% Vacant         $7.01 per SF Average Rental Rate

Macomb Office Space           6.3% Vacant         $17.05 per SF Average Rental Rate

Macomb Retail Space           5.4% Vacant          $16.50 per SF Average Rental Rate

For Sale Asking Rate Average

Macomb Industrial Space     $64  per SF

Macomb Office Space          $94 per SF

Macomb Retail Space           $121 per SF