Wednesday, January 28, 2009

Detroit commercial real estate

BuildingSearch.com offers many Detroit commercial real estate listings. Thousands of commercial real estate listings in Detroit are tracked on our site including mixed use, retail, and industrial developments. Make sure to include the various Detroit commercial real estate categories, including Bio-Tech/Med, Office/Retail and Multifamily/Investment while searching for Detroit commercial real estate listings. 

Detroit is the largest city in the U.S. state of Michigan. Detroit is a major port city on the Detroit River, in the Midwest region of the United States. Located north of Windsor, Ontario, Detroit is the only major U.S. city that looks south to Canada. 

The economy of Detroit plays a key role in the economic vitality of Michigan and the United States.Detroit is known as the automotive capital of the world, and it is estimated that the domestic auto industry directly and indirectly provides about 10 percent of the jobs in the country. 

Detroit commercial real estate constitute a major manufacturing center, most notably as home to the Big Three automobile companies, General Motors, Ford, and Chrysler. The city is an important center for global trade with large international law firms having their offices in both Detroit and Windsor. About 80,000 people work in downtown Detroit

Detroit commercial real estate provides hundreds of offices and plants in the automotive support business including parts, electronics, and design suppliers. The domestic auto industry is primarily headquartered in Metro Detroit. New vehicle production, sales, and jobs related to automobile use account for one of every ten jobs in the United States. Detroit commercial real estate is also an important source of engineering job opportunities. A 2004 Border Transportation Partnership study showed that 150,000 jobs in the Windsor-Detroit region and $13 billion in annual production depend on the City of Detroit's international border crossing. 

Other major industries include advertising, law, finance, chemicals, and computer software. One of the nation's largest law firms, Miller, Canfield, Paddock and Stone P.L.C., has offices in the area, thanks to commercial real estate in Detroit. Compuware's new headquarters, GM's move to the Renaissance Center, and the State of Michigan's redevelopment of Cadillac Place in the New Center district have provided new synergies for the redevelopment of downtown commercial real estate. 

Firms in the suburbs pursue emerging technologies including biotechnology, nanotechnology, information technology and hydrogen fuel cell development. The city of Detroit has made efforts to lure the region's growth companies to downtown Detroit commercial real estate with advantages such as a wireless Internet zone, business tax incentives, entertainment, an international riverfront, and residential high rises. Thus far, the city has had some success, most notably the addition of Compuware World Headquarters, OnStar, EDS offices at the Renaissance Center, PricewaterhouseCoopers Plaza offices adjacent to Ford Field, and the 2006 completion of Ernst & Young's offices at One Kennedy Square. 

With the goal of diversification, Detroit has moved into emerging fields, such as life sciences, fuel cell technology, information technology and advanced manufacturing. 

Begin and grow your business with commercial real estate in Detroit

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