Ann Arbor Market Info – YE Vacancy Report

MLive.com interviews Bart Wise regarding the 2020 YE Vacancy Report and the current commercial real estate climate in Ann Arbor.
“We brokered quite a few transactions in 2020 and a lot of them of are businesses that continued on,” Wise said, including manufacturers of sanitary products. “As time goes on and more and more people are vaccinating, that’s going to have a stabilizing impact. That’s going to take some time and different people will react differently.”
Others anticipate businesses will adopt a “work-from-anywhere” model, where they will continue to have an office presence to utilize downtown Ann Arbor’s amenities, such as easily grabbing a bite to eat or meeting with others, while also maintaining a productive schedule outside of a formal space.
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