Office Market enters 2026 on steady footing as conditions normalize
Leasing activity in the Detroit office market moderated in the first quarter, totaling approximately 0.7 million square feet (msf), in line with levels recorded one year ago but below the elevated pace seen at the end of 2025. The quarterly slowdown reflects typical variability rather than a shift in underlying demand, as tenant activity remained consistent across renewals and relocations. Notably, the largest transactions were evenly split between tenants renewing in place and those relocating, reinforcing the continued focus on optimization rather than expansion. Overall, leasing conditions suggest a market that has moved out of its most volatile phase into a more stable, needs-driven cycle.