Future Cities

Emerging Industrial Markets: Detroit

September 19, 2023 5 Minute Read

Detroit has long been known as the nation’s leader in the automotive industry and for advancing new technologies in mobility and manufacturing. With a deep foundation of talent from several universities, Michigan has engineers, chemists and computer scientists to create these products and the skilled labor to build them. West Coast technology companies have been relocating to Michigan because of the welcoming business climate, quality of life and affordability. This combination of cutting-edge technology, skilled labor and economic incentives has resulted in billions of dollars invested in state-of-the-art facilities, which support a strong and thriving industrial market.
Lauren ScarpaceCBRE Executive Vice President


Approximately 4.9 million people—22% aged 18 to 34—live within 50 miles of Detroit, and 37.5 million consumers live within 250 miles.

Figure 1: Detroit Population Analysis

Source: CBRE Location Intelligence.

Detroit’s warehouse labor force of 67,322 is expected to grow 6.7% by 2033, according to CBRE Labor Analytics. The average salary for a non-supervisory warehouse worker is $17.74 to $20.72 per hour, with an overall average of $18.98. Detroit’s unemployment rate was 3.9% as of July 2023, according to the U.S. Bureau of Labor Statistics, versus 3.7% a year earlier. Over the same time period, the state’s unemployment rate decreased from 4.1% to 3.6%. Overall, the region’s unemployment rate hovers close to the U.S. average of 3.8%.

Figure 2: Detroit Warehouse & Storage Labor Fundamentals

Source: CBRE Labor Analytics.

Emerging Industrial Markets

Spotlighting markets across North America that offer demographic, logistics and incentives advantages for industrial investors and occupiers

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