· Vacancy is forecast to end the year at 22.9 percent.
· Asking rents are projected to finish the year at $19.55 per square foot.
· Effective rents will end the year at $15.96 per square foot.
· The educational and health services sector has added 6,000 jobs during the past year, which has supported medical office demand.
For a copy of the complete Detroit Office Research Report, as well as reports on other markets nationwide, visit our website at http://www.marcusmillichap.com/.