Market Report
Detroit Retail Market Report
3Q 2026
Momentum in Leasing, Redevelopment
Support Increased Demand for Retail
Sector improvement broadens across metro Detroit. Detroit’s retail vacancy rate fell sharply over the final three months of 2025, with all submarkets reporting lower vacancy. The metrowide rate has edged higher since reaching that cyclical low, however, supporting expectations for a modest increase by year-end. Certain submarkets continue to see positive momentum, though. The Central Interstate-96 Corridor, spanning Novi, Wixom, and Commerce Township, and the Southern Interstate-275 Corridor, which covers Livonia, Canton, and Plymouth, saw some of the metro’s highest leasing totals in the first half of 2026. Limited retail space is under construction, which may help landlords retain tenants and backfill vacant space in the near term.
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