Trendy restaurants, techno and rock concerts, scenic and social parks, newly paved biking lanes, curated walkways and a redesigned riverfront are redefining Downtown Detroit. By the end of last year, Dan Gilbert (of Cleveland Cavaliers and Quicken Loans fame) had purchased more than 80 downtown properties, investing a total of $19 billion. GM, Ally Financial, Little Caesars, HP, Ernst & Young, OnStar, Blue Cross Blue Shield and many other major corporations have headquarters or major office centers downtown. And there’s “an infusion of young, civic-minded” millennials moving into new lofts and working at internet technology and marketing and advertising startups…
But, downtown office rental rates are such a bargain, prices are less than they were 22 years ago.
