Detroit Industrial Market Report 1Q26
Metro Detroit's industrial vacancy rate declined 20 basis points to 4.4% in first quarter 2026 as the market absorbed 2.1 million square feet, with Southeast Oakland County experiencing a surge in demand following GM's retooling of Orion Assembly from EV to gas-powered vehicle production. The report documents major tenant activity including Lear Corporation's 346,182 SF lease and Piston Automotive's completed 715,012 SF build-to-suit, while highlighting that Detroit MSA unemployment rose to 5.3% in January 2026 and manufacturing employment posted a 2.8% year-over-year gain despite overall payroll employment declining 0.20%.
Published by Newmark. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Provenance
- Publisher
- Newmark
- Obtained from
- Unknown: source not established
- Published
- Mar 31, 2026
- Last updated
- Jun 28, 2026 (1 month ago)
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