Detroit Retail Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, Colliers
Quarterly retail market indicators for Detroit, aggregated by CREhunt from Cushman & Wakefield, Colliers. As of Q1 2026, average asking rent was $17.00/SF/yr and vacancy was 1.3%, per Cushman & Wakefield.
Projected current retail pricing — Detroit
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 7.7%, asking rent trend-adjusted to today). Assumes ~92% occupancy (vacancy not reported) and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 Cushman & Wakefield | $17.00/SF/yr | 1.3% | -3K SF | — | Cushman & Wakefield |
| Q1 2026 Colliers | — | 5.9% | 125K SF | — | Colliers |
| Q3 2025 Colliers | $16.29/SF/yr | 5.5% | 804K SF | — | Colliers |
| Q2 2017 Colliers | $13.10/SF/yr | 5.9% | 262K SF | — | Colliers |
How the brokerage sources compare
For Q1 2026, the brokerages CREhunt aggregates for Detroit retail did not fully agree. On vacancy, the sources span 4.6 points — from 1.3% (Cushman & Wakefield) to 5.9% (Colliers). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Colliers | 5.9% | — | 7.7% |
| Cushman & Wakefield | 1.3% | $17.00/SF/yr | — |
Per-brokerage figures for Q1 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for retail space in Detroit?
- As of Q1 2026, the average asking rent for retail space in Detroit was $17.00/SF/yr, per Cushman & Wakefield.
- What is the retail vacancy rate in Detroit?
- The retail vacancy rate in Detroit was 1.3% as of Q1 2026 (Cushman & Wakefield).
- Where does CREhunt's Detroit market data come from?
- This report aggregates quarterly retail market data for Detroit from Cushman & Wakefield, Colliers.
- How much do brokerage estimates differ for retail space in Detroit?
- For Q1 2026, the brokerage sources CREhunt aggregates for Detroit did not fully agree. On vacancy, the sources span 4.6 points — from 1.3% (Cushman & Wakefield) to 5.9% (Colliers). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.