The Ann Arbor market continues to enjoy one of the lowest vacancy rates of any of Metro Detroit's major office markets.
New construction continues to be absorbed almost as soon as projects are completed.
Summit Office Center at Valley Ranch Business Park. Planned future developments that have received, or are close to receiving, site plan approval include the Kojaian Companies' 220,000 sq. The Birmingham, Bloomfield, and Bingham Farms markets have weathered the recent storm rather well because of the stability their place holds in the market. Generally, rents have remained stable, as have low vacancy rates. Landlord concessions for things such as increased tenant improvement allowances have not seriously affected Birmingham and Bloomfield Hills, but have affected some properties in Bingham Farms.