Detroit Industrial Figures Q3 2026

-In Q3 2026, net absorption totaled 855,000 sq. ft. in the Detroit industrial market. Over the trailing four-quarter period the Detroit Industrial market has absorbed 1.05 million sq. ft. in total, indicating a resilient demand for industrial space and return to positive occupancy growth.

-In Q3 2026 construction volume in the Detroit industrial market totaled 2.06 million sq. ft. across ten active projects. Of the ten active projects, six are speculative development and four are build-to-suit with a 45.5% pre-leasing rate overall.

-In Q3 2026, the Detroit market average asking rent stabilized at $7.88 per sq. ft., capping a period of modest growth from earlier quarters.

-Leasing activity strengthened in Q3 2026 after a volatile run over prior quarters. Inclusive of all leases 10,000 sq. ft. or more, leasing activity totaled 4.12 million sq. ft. Big-box leasing was the primary demand driver as leasing volume on buildings 100,000 sq. ft. or larger was responsible for 84.9% of total Q3 2026 activity