Turning retail strategy into retail success in Detroit.
- During 2019, over 1.2 million sq. ft. of new retail construction was
completed. - At the end of 2019, Metro Detroit contained nearly 275.5 million sq. ft. of total retail inventory, yet overall average vacancy rate was only 5.4%.
- Over $160 million in retail investment sale volume took place in the second half of 2019 alone.