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Michigan
Commercial Real Estate Listings
BuildingSearch.com has a wide variety of Michigan commercial real estate listings ranging from office space and retail to industrial properties. Michigan is located in the Midwestern Unites States. The state was named after Lake Michigan. Michigan is bounded by four of the five Great Lakes, making it have the longest fresh water shoreline in the world. A person is never more than 85 miles from one of the Great Lakes. Michigan is the only state that consists of two peninsulas. The upper and lower peninsulas are connected by the five-mile long Mackinac Bridge.
Michigan commercial real estate can provide your company with many benefits including an entrepreneurial, well-educated and driven workforce, world-class educational institutions and research programs, cutting edge facilities and programs and services to support this entrepreneurial energy. Michigan commercial real estate is already home to a diverse network of businesses.
Besides being a great place to do business, Michigan is a uniquely beautiful place to live, work and play.
The economy in Michigan leads in information technology, life sciences, and advanced manufacturing. Michigan is known for its auto industry and the state ranks fourth in the country in high-tech employment. Michigan is a leading grower of fruit, including blueberries, cherries, apples, grapes, and peaches. The tourist industry is also very important to Michigan’s economy. Visitors spend about 17.5 billion dollars a year in the state. Tourists go to many museums including The Henry Ford, the Detroit Institution of Arts, the Detroit Historical Museum, the Charles H. Wright Museum of African American History, and the Arab American National Museum. Hunting is also a major part in Michigan’s economy. Michigan ranks first in the country in licensed hunters who contribute 2 billion dollars annually.
While the national and global economy is facing challenging times, Michigan as a whole is not doing that poorly. Even though unemployment rates rose to 8.9%, the commercial market is still holding its own. The second quarter 2008 min Detroit saw a positive 74 square feet net absorption, while vacancy rates were 17.7%. The retail market in Detroit has also remained strong as many new retail developments were finished and opened. The commercial real estate market in Michigan is predicted to remain the same over the next couple years.
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