Detroit Office Figures Q2 2026

-In Q2 2026, the Detroit market recorded a total net absorption of 93,000 sq. ft. across all property classes. Class A assets were responsible for approximately 200,000 sq. ft. of absorption this quarter, with 109,000 sq. ft. concentrated in the downtown market.

-In Q2 2026, the overall vacancy rate for the Detroit office market stood at 19.4%. Vacancy in Class A assets declined 70 bps following the activity during Q2, settling at a rate of 18.8%, 60 bps below the market average.

-Leasing activity in Q2 2026 totaled 546,000 sq. ft., comprised of 225,000 sq. ft. in Class A assets, 316,000 sq. ft. in Class B, and the remainder in Class C assets. This activity brings the year-to-date total leasing volume up to 1.7 million sq. ft.

-In Q2 2026, there was 437,000 sq. ft. under construction across six projects. This construction volume represents a 47.2% quarter-over-quarter increase from 297,000 sq. ft. in Q1 2026.

-The Detroit office market rents decreased this quarter, settling at an average asking rate of $20.68 per sq. ft. This rate represents a quarter-over-quarter decrease of 1.9% and a year-over-year decrease of 0.5%.