Detroit Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Newmark, Cushman & Wakefield, CBRE, JLL, Savills
Quarterly industrial market indicators for Detroit, aggregated by CREhunt from Newmark, Cushman & Wakefield, CBRE, JLL, Savills. As of Q2 2026, average asking rent was $7.37/SF/yr and vacancy was 4.4%, per Newmark.
Projected current industrial pricing — Detroit
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Detroit industrial yet, so this applies the typical cap rate across comparable industrial markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q2 2026 multiple brokerages asking-rent data (benchmark cap rate 5.5%–7.5%, asking rent held flat). Assumes ~96% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Newmark | $7.37/SF/yr | 4.4% | — | 1.5M SF | Newmark |
| Q2 2026 Cushman & Wakefield | $7.46/SF/yr | 4.3% | — | 1 SF | Cushman & Wakefield |
| Q1 2026 CBRE | $7.84/SF/yr | 3.3% | 725K SF | — | CBRE |
| Q1 2026 Newmark | — | 4.4% | 1.2M SF | — | Newmark |
| Q1 2026 JLL | $7.66/SF/yr | 4.8% | -820K SF | — | JLL |
| Q1 2026 Savills | — | — | 1.8M SF | — | Savills |
| Q1 2026 Cushman & Wakefield | $7.40/SF/yr | 4.1% | -829K SF | 1 SF | Cushman & Wakefield |
| Q4 2025 Savills | — | 5.4% | — | — | Savills |
| Q4 2025 Newmark | $7.50/SF/yr | 5.0% | 428K SF | — | Newmark |
| Q4 2025 Cushman & Wakefield | $7.35/SF/yr | 3.7% | — | — | Cushman & Wakefield |
| Q4 2025 CBRE | — | — | 848K SF | — | CBRE |
| Q3 2025 Savills | — | 5.2% | — | — | Savills |
| Q3 2025 Cushman & Wakefield | $7.39/SF/yr | 3.7% | — | — | Cushman & Wakefield |
| Q3 2025 Newmark | $7.48/SF/yr | 4.9% | — | — | Newmark |
| Q2 2025 Savills | — | 5.1% | — | — | Savills |
| Q2 2025 Newmark | $7.44/SF/yr | 4.8% | — | — | Newmark |
| Q2 2025 Cushman & Wakefield | $7.35/SF/yr | 3.7% | 2K SF | 8 SF | Cushman & Wakefield |
| Q1 2025 Newmark | $7.44/SF/yr | 4.6% | — | — | Newmark |
| Q1 2025 Cushman & Wakefield | $7.37/SF/yr | 3.7% | -629K SF | — | Cushman & Wakefield |
| Q4 2024 Newmark | $7.72/SF/yr | 4.6% | — | — | Newmark |
| Q3 2024 Newmark | $7.90/SF/yr | — | — | — | Newmark |
| Q2 2024 Cushman & Wakefield | $7.51/SF/yr | 3.4% | 56K SF | — | Cushman & Wakefield |
| Q2 2024 Newmark | $7.87/SF/yr | 3.9% | 964K SF | — | Newmark |
| Q1 2024 Newmark | $7.84/SF/yr | 3.9% | — | — | Newmark |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each Detroit industrial submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Dearborn/Downriver | $5.86/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Detroit | $6.90/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Downriver | $6.77/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| I-75 Corridor | $8.37/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Livingston | $9.25/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Macomb | $7.06/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Macomb Central | $7.43/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Macomb North | $9.40/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Macomb South | $6.70/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Northwest Suburbs | $9.99/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Oakland North | $9.97/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Oakland Southeast | $7.72/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Oakland Southwest | $10.94/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southeast Oakland | $7.38/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Washtenaw | $7.52/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Western Wayne | $7.56/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
How the brokerage sources compare
For Q2 2026, the brokerages CREhunt aggregates for Detroit industrial did not fully agree. On vacancy, the sources span 0.1 points — from 4.3% (Cushman & Wakefield) to 4.4% (Newmark). Asking-rent estimates differ by $0.09/SF/yr — from $7.37/SF/yr to $7.46/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Cushman & Wakefield | 4.3% | $7.46/SF/yr | — |
| Newmark | 4.4% | $7.37/SF/yr | — |
Per-brokerage figures for Q2 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for industrial space in Detroit?
- As of Q2 2026, the average asking rent for industrial space in Detroit was $7.37/SF/yr, per Newmark.
- What is the industrial vacancy rate in Detroit?
- The industrial vacancy rate in Detroit was 4.4% as of Q2 2026 (Newmark).
- Where does CREhunt's Detroit market data come from?
- This report aggregates quarterly industrial market data for Detroit from Newmark, Cushman & Wakefield, CBRE, JLL, Savills.
- How much do brokerage estimates differ for industrial space in Detroit?
- For Q2 2026, the brokerage sources CREhunt aggregates for Detroit did not fully agree. On vacancy, the sources span 0.1 points — from 4.3% (Cushman & Wakefield) to 4.4% (Newmark). Asking-rent estimates differ by $0.09/SF/yr — from $7.37/SF/yr to $7.46/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.