New Construction is Unlikely
Retailers moved into more vacant space in metro Detroit last year, but there’s enough left with recent and impending closures by Borders, Sears and Kmart to stall new shopping center construction for awhile.
James Bieri, principal at Stokas Bieri Real Estate in Detroit, who represents retailers looking for space, said he doesn’t think Michigan is “completely off the radar screen” for retailers. Read more...
