CoStar Market Insight: Investors Gravitating to Value Add
CoStar – Detroit
CoStar Market Insight: Investors Gravitating to Value Add Sales of 150 W. Jefferson Ave. and Troy Tower Highlight the Trend By Amena Ali October 30, 2017 Email Print Close to 600 office sales finalized in the Detroit Metro over the last four quarters, and the most obvious trend among these sales was the propensity of developers to gravitate toward properties rated 3 Star or less. Such transactions accounted for over 95% of investment activity, and the inclination towards value-add transactions a…