  French777 Member Username: French777 Post Number: 249 Registered: 10-2006 |
http://www.crainsdetroit.com/a pps/pbcs.dll/article?AID=/2007 1008/SUB/710080311/-1/newslett er02 Office vacancies in Detroit dwindled while in Southfield and Troy rose. | ||
Andylinn Member Username: Andylinn Post Number: 583 Registered: 04-2006 |
wow! this chart is the most amazing thing! Metro Detroit Class A office vacancy rates in 3Q: Ann Arbor: 14.2% Auburn Hills: 26.1% Birmingham/Bloomfield Hills: 13.9% Dearborn: 10.5% Detroit: 16.3% Farmington Hills/West Bloomfield Township: 15.7% I-275 Corridor: 14.2% Macomb County: 29.4% Rochester: 26.7% Southfield: 25% Troy: 21.8% Overall: 24.8% (same website) seems detroit's downtown isn't doin' so badly... | ||
Thejesus Member Username: Thejesus Post Number: 2371 Registered: 06-2006 |
https://www.atdetroit.net/forum/mes sages/5/115680.html?1191880715 | ||
Danny Member Username: Danny Post Number: 6658 Registered: 02-2004 |
YAY DETROIT! Come suburbanite companies. Come back to Detroit. Bring your economic ideals to our beloved Motor City. Bring your revenues too and we'll give you all a tax break. Let the suburbs squirm! | ||
Kslice Member Username: Kslice Post Number: 173 Registered: 04-2007 |
Eh, that's how it should be. Live in the suburbs, work in the city, and that's the way it was until the 60's came around. Hopefully we're getting back to that. The burbs can do well while the city's suffering. When the city's doin good, everyone is. | ||
Detroitrise Member Username: Detroitrise Post Number: 212 Registered: 09-2007 |
I would assume most of the offices that are downtown are of the Civic, Government/Federal or Financial variety. In reality, that's not much to get excited about because those are the lowest form of corporate jobs that you could ever attract. | ||
Spiritofdetroit Member Username: Spiritofdetroit Post Number: 643 Registered: 11-2006 |
Financial jobs are the lowest form of corporate jobs??? Excuse me, but that is complete bullshit. Please, if you are uninformed, do not speak to a subject. | ||
Detroitrise Member Username: Detroitrise Post Number: 213 Registered: 09-2007 |
Yes, you're right. They're not the lowest form. However, they're just a step above it. The Commercial Jobs (such as Service, Electronics, Food Companies or Compuware) are what a place should be trying to attract. You will always have banks around no matter what. (Message edited by Detroitrise on October 09, 2007) | ||
Spiritofdetroit Member Username: Spiritofdetroit Post Number: 644 Registered: 11-2006 |
Interesting thoughts | ||
Burnsie Member Username: Burnsie Post Number: 1171 Registered: 11-2003 |
Yeah, Detroitrise. For example, it must be really embarassing for New York City to have all those lowly, worthless Wall Street banks and financial firms. I sure hope Detroit never gets any of those. | ||
Detroitrise Member Username: Detroitrise Post Number: 215 Registered: 09-2007 |
Yeah, but the problem with financial firms is that they're not dedicated or dependable. Look at Comerica. You want companies that you know will stick with you through the worst of times. Not to mention that New York City is full of rich people with over 3 or 4 Million people. | ||
Spiritofdetroit Member Username: Spiritofdetroit Post Number: 645 Registered: 11-2006 |
oh my god. A bank is much more likely to stick around than some tech company that might not survive 5 years. Comerica has been here 100 years - and definitely stayed in the worst of times. New York is a city of 8 million, many, many of which are poor. Educate yourself | ||
Apbest Member Username: Apbest Post Number: 636 Registered: 03-2006 |
We do have a share of service firms; there are alot of law firms downtown that benefit from proximity to the court systems. Look at the success of Rock Dove Couriers, they seem to serve a lot of firms. | ||
Danindc Member Username: Danindc Post Number: 3453 Registered: 10-2003 |
SmithGroup also comes to mind, and I know Wade-Trim has a downtown office. | ||
Gistok Member Username: Gistok Post Number: 5484 Registered: 08-2004 |
Not wanting to burst anyones bubble, but we should look at the methodology used for determining downtown occupancy... the UA, Lafayette, Whitney, Broderick, Metropolitan, 1001 Woodward buildings are all not included in that count. And who knows if the Book or Stott Towers are? Now granted many of these are slated for residential, but they're still empty office towers. So that 16.3 percent for Detroit is not as rosy as it sounds. | ||
Spiritofdetroit Member Username: Spiritofdetroit Post Number: 646 Registered: 11-2006 |
im sure its understood that abandoned buildings dont count. its 16.3 CLASS A SPACE ONLY. the overall vacancy rate of occupied downtown space is well above 20. | ||
Eric Member Username: Eric Post Number: 958 Registered: 11-2004 |
quote: When has Urbanize/Detroitrise ever been informed about anything? | ||
Apbest Member Username: Apbest Post Number: 637 Registered: 03-2006 |
Regardless of Class B/C/etc vacancies and abandoned buildings, comparing downtown Class A vacancies to other metro Class A markets still serves a useful purpose. It is an indicator of the overall strength of downtown office space especially when contrasted with most peoples' perception of office markets. | ||
Ben Member Username: Ben Post Number: 8 Registered: 09-2007 |
It's not only abandoned buildings that don't count--it's any un-rentable space, whatever that means. I'm not sure if there are any guidelines that define unrentable space. | ||
Jt1 Member Username: Jt1 Post Number: 10435 Registered: 10-2003 |
In all of this non-sense there is something being overlooked: "Office vacancies in Detroit dwindled" was the headline/lead in. While downtown office space may not be in the best situation there is improvement. Improvement, even if small is good. | ||
Gistok Member Username: Gistok Post Number: 5486 Registered: 08-2004 |
I wonder what all those closed 2 story office buildings along 8 Mile in Southfield are classified as? | ||
Lefty2 Member Username: Lefty2 Post Number: 363 Registered: 07-2007 |
looks like everyone is down, but not out. | ||
Jonnyfive Member Username: Jonnyfive Post Number: 67 Registered: 03-2007 |
How much of detroit's office space is considered Class A? I know the Penobscot building, for instance, is not considered class A. | ||
Thejesus Member Username: Thejesus Post Number: 2406 Registered: 06-2006 |
Let's see, class A properties in Detroit... One-Kennedy, the 211 building, One Detroit Center, Compware... | ||
Granmontrules Member Username: Granmontrules Post Number: 208 Registered: 01-2007 |
YAY Detroit! |
