Oakland County
Seat: Pontiac
Michigan's deepest office and retail market, an automotive engineering base along the I-75 and M-59 corridors, and the densest concentration of opted-in cannabis municipalities in the state.
Market coverage
Michigan commercial real estate markets
County hubs, city markets, corridors and property-type pages. A market only gets its own page when it carries published data or genuinely local editorial — everything thinner than that is covered inside its county page instead.
Last updated
How is C3 CRE's Michigan coverage organised?
Nine county hubs — Oakland, Macomb, Wayne, Washtenaw, Livingston and Genesee in Metro Detroit, plus Kent (Grand Rapids), Ingham (Lansing) and Kalamazoo outstate — sit above tier-one city pages, which in turn link property-type pages, adjacent cities and the nine commercial corridors that connect them. Cannabis ordinance pages cross-link to the matching CRE market page in both directions.
Market data
Where the market stands
Sourced and dated. We publish figures that have been published, with attribution, and we do not estimate around the gaps.
Metro Detroit retail market · Q1–Q3 2026
Metro Detroit| Metric | Value | Note |
|---|---|---|
| Total vacancy | ≈5.6% | Heading into Q3 2026 |
| Average asking rent | ≈$17.00 / SF NNN | Q1 2026, against a $25.89 national average |
Source: Metro Detroit retail market reporting, 2026 · Figures as of
Single-tenant net lease cap rates · Q2 2026
United States| Metric | Value | Note |
|---|---|---|
| Retail | 6.60% | — |
| Industrial | 7.25% | — |
| Office | 7.90% | — |
| Blended — C3 computed | 6.82% | Unweighted average of the three published sector rates; not a Boulder Group published figure |
Source: The Boulder Group — Net Lease Market Report, Q2 2026 · Figures as of
Detroit industrial market · Q2 2026
Detroit metropolitan area| Metric | Value | Note |
|---|---|---|
| Total vacancy | 3.6% | — |
| Average asking rent | $7.94 / SF | — |
| Net absorption | −674,544 SF | Negative for the quarter |
| Under construction | 2.8M SF | Across 10 projects |
Source: CBRE — Detroit Industrial Figures, Q2 2026 · Figures as of
County hubs
9 Michigan county markets
Grouped the way the market thinks about them: the Metro Detroit counties, then the outstate hubs of Grand Rapids, Lansing and Kalamazoo.
Metro Detroit
Macomb County
Seat: Mount Clemens
Michigan's heavy manufacturing county — stamping, tooling, defence and automotive supply along Van Dyke, Mound and Gratiot, with the region's most active mid-size industrial sale market.
Wayne County
Seat: Detroit
Michigan's largest county by population and its most varied CRE market — Detroit's urban core and industrial land, Livonia's I-96/I-275 logistics belt, and the airport-adjacent distribution cluster.
Washtenaw County
Seat: Ann Arbor
A research- and university-driven market where medical office, laboratory and technology space carry the county, and where entitlement difficulty is the binding constraint on new supply.
Livingston County
Seat: Howell
Southeast Michigan's growth edge — US-23, I-96 and M-59 frontage, assemblable land at scale, and the region's shortest path from purchase to a built building.
Genesee County
Seat: Flint
A recovering manufacturing county on I-69 and I-75 with the region's lowest cost basis, a large healthcare and education employment base, and an active licensed cannabis market.
Outstate Michigan
Kent County
Seat: Grand Rapids
West Michigan's economic centre — office furniture, food processing, life sciences and one of the most diversified industrial bases in the state, on US-131 and I-96.
Ingham County
Seat: Mason
Michigan's capital market — state government, Michigan State University and a healthcare base that produce unusually recession-resistant office and medical office demand on I-96 and US-127.
Kalamazoo County
Seat: Kalamazoo
A life sciences and advanced manufacturing county on I-94 and US-131, with pharmaceutical, medical device and food production anchors and an established licensed cannabis market.
Corridors
Nine commercial corridors
Retail, automotive and industrial demand in Southeast Michigan is organised by corridor, not by municipal boundary.
- Woodward Avenue
M-1
Metro Detroit's original spine, running Detroit through Ferndale, Royal Oak, Birmingham, Bloomfield Hills and into Pontiac, and today the region's premier retail corridor as well as its densest cluster of licensed cannabis retail.
- Interstate 75
I-75
The region's primary north-south industrial and logistics spine, connecting Detroit's riverfront and industrial core through Oakland County's office and business-park corridor up to Flint.
- Interstate 696
I-696
The Reuther Freeway, the east-west connector stitching together Oakland and Macomb County's inner-ring suburbs and their industrial, flex and office parks.
- I-96 / I-275 Industrial Belt
I-96 / I-275
The region's western industrial belt, where I-96 and I-275 intersect through Livonia and Novi to create the metro area's largest concentration of modern bulk distribution space.
- Telegraph Road
US-24
A long-haul commercial spine running through Southfield, Bloomfield Hills and Pontiac, historically the region's automotive-retail and big-box corridor.
- Gratiot Avenue
M-3
Detroit's northeastward diagonal into Macomb County, a working commercial and light-industrial corridor through Roseville and into the Clinton Township and Mount Clemens area.
- Van Dyke Avenue
M-53
Macomb County's north-south manufacturing and defense-industry spine, running through Warren and Sterling Heights toward Utica and Shelby Township.
- M-59 / Hall Road
M-59
Macomb County's premier retail and lifestyle-center corridor, anchored by the Lakeside Mall trade area through Sterling Heights, Shelby Township and Utica.
- Eight Mile Road
M-102
The historic Detroit city-limit line, an east-west corridor of industrial, retail and redevelopment parcels stretching from Southfield through Ferndale, Hazel Park and Warren.
Also on the platform
Incentives, cannabis and Tampa Bay
Development incentives
PA 198, Act 381 brownfield TIF, Renaissance Zones and Opportunity Zones — what each one changes in a pro forma.
Cannabis ordinance map
Opt-in status, licence caps, buffer rules and FY2025 excise revenue for the municipalities we work in.
Tampa Bay markets
10 Florida market pages across Hillsborough and Pinellas counties.
Last updated