Ann Arbor Area BUSINESS MONTHLY magazine brings the reader the latest business news and information important to the businesspeople in Washtenaw County. Each month articles cover real estate, legal, Internet, employee concerns and the climate of business in the greater Ann Arbor area. There is news about company employees and feature articles on local businesses. We cover business news from Ann Arbor, Chelsea, Dexter, Manchester, Milan, Saline, Whitmore Lake, and Ypsilanti.
Local Commercial Property Market Shows Signs of Hope
By Mark Ziemba
Swisher Commercial Vice President and Treasurer Barton Wise sees light in the local commercial real estate market.
"In the leasing market in the last 45 to 60 days I've seen an uptick," says Wise, referring to March through May. "I've done eight leases in the last two months," he adds. "That's probably as many deals as I did in the previous five months."
Although the economic downturn hit hard last fall, the Ann Arbor area's commercial real estate market held steady in 2008 and may remain so for the near future, but some local commercial property brokers say they are already seeing signs of improvement this spring.