April 02, 2015 • Page Image 45
…The Detroit CBD accounts for only 22.5 percent of available inventory. In Minneapolis, Cleveland and Pittsburgh, the CBD accounts for a respective 47.2, 53.3, and 53.7 percent of available inventory. The vacancy rate in Detroit for CBD properties is comparable to other cities. Average asking rent is lower for Detroit than other cit- ies. Cleveland, Minneapolis and Pittsburgh have average asking rent of $19.27, $25.37 and $23.26 per square foot...…

















































