Detroit Downtown Office Vacancy Hits 32%, Values Spiral Downward
Metro Detroit Office Market Vacancy Rates Surge Across All Classes Unprecedented vacancy rates have engulfed the Metro Detroit office market. Overall vacancy has climbed to a staggering 21.9% in the first quarter of 2025. The devastating surge represents a year-over-year acceleration. This increase has left no office class untouched, creating widespread distress across the commercial real estate environment. Vacancy trends reveal alarming disparities between office class categories. Class B properties bear the heaviest burden due to plummeting tenant demand. While Class A spaces maintain relative stability through continued flight-to-quality movements, even premium properties face mounting pressure as the crisis deepens. Downtown areas have suffered catastrophic losses. Vacancy rates far exceed suburban counterparts as businesses abandon central business districts. The Southfield submarket leads the region in available sublease space. Despite the overwhelming sublease inventory, the ma...