Auto-industry changes make Detroit a tenants market

06/2/2009 | Commercial Property Executive

Big changes in the automotive industry will have an impact on the commercial real estate market, particularly in the Detroit office market. "Tenants with three or four years left on their leases are already re-negotiating, generally from strong positions if they have the financial wherewithal," said Mark Bowman, managing director of the Bloomfield Hills, Mich., office of tenant rep specialist Howard Ecker + Co.

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