•The Metro Detroit vacancy rate declined 77 basis points (bps) to 5.6% in Q1 2017.

•Q1 2017 marks the 14th consecutive quarter that the vacancy rate has been below 10%.

•The Metro Detroit average asking lease rate declined $0.06 to $14.48 NNN in Q1 2017. The asking lease rate rose $0.33, year-over-year.

•Due to the result of declining vacancy and increased demand, the retail investment sale volume has experienced over $4 billion worth of transactions since Q1 2010, according to Real Capital Analytics.