Detroit Office Figures Q1 2026

- The Detroit office market recorded 430,000 sq. ft. of positive net absorption in Q1 2026. Over the past four quarters, the market has averaged 135,000 sq. ft. of positive absorption per quarter.

- In Q1 2026, the Detroit office full market vacancy rate decreased by 20 bps to 19.8%, down 60 basis points from the all-time market peak.

- Detroit office leasing activity in Q1 2026 totaled 291,000 sq. ft. inclusive of leases larger than 10,000 sq. ft. Over the trailing four-quarter period ending Q1 2026, leasing reached just over 1.8 million sq. ft.

- Under construction volume declined sharply in Q1 2026 to 297,000 sq. ft. following the delivery of Hudson’s Detroit, a highly anticipated 380,000 sq. ft. trophy office building in the CBD.

- The Detroit office market rents ticked up this quarter reaching $20.88, an increase of 1% from the previous quarter and 0.6% year-over-year.