A new report by a leading commercial brokerage shows the vacancy rate for Detroit's most prominent buildings has dropped to its lowest point in decades. Just 7.5% of Detroit's iconic office buildings are currently vacant, as demand for quality office space continues to rise. Dan Gilbert, one of the leading developers in greater downtown, moved Quicken Loans headquarters to Detroit from Cleveland in 2010. This was one of the key moves that has driven demand not only for office space, but for retail and residential to support the influx of young professionals moving to the city. The Chase Building, One Campus Martius and Ally Detroit Center are among the buildings owned/used by Dan Gilbert and his family of companies.

The full list of buildings included in the report can be found in this article by Crains Detroit Business. The average asking price for the buildings is $22.55 which is still very affordable compared to other major American cities. Developers have gotten wind of the soaring demand for office space in the greater downtown area which totals about 7.2 square miles. Currently, there is 2.1 million square feet of space in development, with many of these projects set to be completed by 2020. The resurgence of downtown Detroit continues as vacancy rates steadily decline in both residential and retail/office settings.