Helpful Detroit Office Space Information

The largest city in the state of Michigan, Detroit and the surrounding region 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. Detroit has a population of approximately 4.5 million people.

The economy of Detroit plays a key role in the economic clout of Michigan and the nation. Detroit is referred to as the automotive capital of the world, and it is estimated that the domestic auto provides about 10% of the jobs in the country. But Detroit is more than just cars. Wanting more variety, the city of Detroit has moved into emerging fields, such as life sciences, fuel cell technology, information technology and advanced manufacturing.

The city has worked tirelessly in trying to improve the business environment; one of these ways is through wireless Internet zones, business tax incentives, entertainment and residential high rises.

Owners and landlords in Detroit are offering more and more incentives to potential tenants, some of these include lower rental rates and increasing the amount of free rent. Now is the time for tenants looking at Detroit for office space. Good deals are out there.

About 80,500 people work in downtown Detroit, comprising 21% of the city’s employment. Metro Detroit has propelled Michigan’s national ranking in emerging technology fields such as life sciences, information technology, and advanced manufacturing; Michigan ranks fourth nationally in high tech employment. The need for office/R&D space in Detroit is needed because Michigan typically ranks third or fourth in overall Research & Development expenditures in the United States.

The metro area of Detroit is also home to cybersecurity, biodefense, and border security industries.

Want to find out more about Detroit office space, then visit my site to view Detroit office space listings.