Airport District

Detroit - MI USA - Industrial Submarket

Industrial real estate intelligence for the Airport District submarket. 61.4M SF of inventory with 6.3% vacancy. Data sourced from various MLS platforms.

61.4MSF

Inventory

4.4MSF

Available

6.3%

Vacancy

Availability Rate

$8.88

Asking Rent

2.0%

Rent Growth

-442,975SF

12mo Absorption

1.2MSF

Under Construction

Market Metrics

12mo Delivered

761K SF

Under Constr % of Inv

2.0%%

Sale Price/SF

$70

Cap Rate

10.4%%

12mo Sales Volume

$106,948,500

Sales Vol Growth

-29.5%

Asset Value

$4,390,262,771

Net Absorption

-442,975 SF

Recent DC Sales in Market

Property	Price	SF	Buyer
587 James S McDonnell Blvd (Part of a 10 Property Portfolio)	$15.7M	109,000	Buyer 1 Altum Digital Infrastructure \| Buyer 2 Igneo Infrastructure Partners
Rackspace	-	77,546	Max Management Corp.
2300 NW 89th Pl	$8.0M	94,449	Banyan Street Capital
Atlanta Airport Data Center	$65.5M	344,000	Menlo Equities
MI05 Detroit Data Center	-	76,000	US Signal

Available DC Space in Market

Property	Avail SF	Rent	Owner
1460-1560 John A Papalas Dr	21,655	$5.95	Kumo Capital
Bldg II	23,772	$11.95	Gary A Shiffman
4025 E Cotton Center Blvd	60,512	$12.57 - 15.36 (Est.)	Property Income Advisors, Inc.
4239 Piedmont Pky	18,483	$8.78 - 10.74 (Est.)	Louis DeJoy
Unit #3	100,832	Not Disclosed	-

Data Centre Development Potential

Moderate vacancy (6.3%) in Airport District suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 1.2M SF indicates developer confidence in the submarket. Negative absorption of 443K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.