Inactivity persists across Metro Detroit office market as case numbers rise, work-from-home continues
Several regions across the county have begun to observe a reemergence of office leasing activity as companies begin to determine future occupancy needs and reengage the markets. However, the Detroit market has thus far exhibited a sluggish start to 2021 from a transaction volume perspective. Leasing across the region fell by 22.1% and remains 57.6% below the long-term quarterly average. The Detroit market remains hamstrung by comparatively high COVID-19 infection rates and low office utilization as employers and government restrictions continue to keep most office-using employees working remote.