Changing Rental Rates - Summer 2004

Rental rates in industrial space has increased over the past 3 years from $4 per square foot to $8 triple net.  I-75 corridor office rates have increased from $16 per square foot gross to $22 gross and retail rates have increased steadily over the past 5 years. The anomaly in our otherwise  booming real estate market is downtown office rental rates which have remained relatively unchanged.