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Auto Sales, High Demand Lift Industrial Expectations in Detroit

July 26, 2016

 

 


Auto Sales, High Demand Lift Industrial Expectations in Detroit

Jul 22, 2016 | 

Detroit’s industrial sector has surged right along with the success of the national market, and strong automotive sales and lack of new construction have pushed the city to a new low of 6 percent vacancy in the second quarter.

Motor City is following second quarter national trends. Industrial availability declined to 8.8 percent during the period, dropping for the 25th consecutive quarter, the longest streak on record, according to a CBRE report. E-commerce growth continues to fuel demand for most of the country, and industrial properties, both manufacturing and warehouse, remain one of the best performing asset classes in commercial real estate, said Jeffrey Havsy, CBRE’s chief economist for the Americas, in a recent statement.

“While we’ve had some shocks to the global economy, the U.S. economy still is moving along at a slow and steady pace, and that will sustain industrial demand,” he said.

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Second Annual Blue Vault Broker Dealer Educational Summit 2016
2016 Broker Dealer Educational Summit 2016
May 30, 2016

Best Due Diligence meeting in the industry. No sales pitches, senior level decision makers, meaningful discussions and the Broker Dealer networking sessions were especially useful. Thanks to Blue Vault for raising the bar!