Retail Business for Lease in Detroit, MI

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Detroit, MI 48243

Description

Now Leasing Retail Space at the Most Recognized Landmark in Detroit! GMRENCEN is the most recognized landmark in the region. Rising 73 stories above the Detroit River, GMRENCEN anchors the Detroit skyline and riverfront. Composed of eight interconnected buildings (100-400 Towers, Marriott Hotel, Millender Center and 500-600 Towers at River East Center), this Class “A” mixed use complex measures in excess of 5.5 million square feet of office, dining, retail, entertainment, residential, and lodging space. GMRENCEN hosts 150 plus annual on-site events, plus easy access to nearby Cobo Center, casinos, hotels, professional sporting venues and numerous year-round downtown festivals. GMRENCEN features the following: • Over 15 food and dining operators • Mix of local, regional and national operators • Fine dining, casual dining, and QSR’s • 1,100 seat food court • Multiple coffee specialty beverage operators • OptimEyes by Henry Ford Health • Great Expressions Dental • Beaumont family clinic • CVS Pharmacy • GM Merchandise store • Childtime Learning Center

Market Context

This retail in Detroit, MI is listed for lease. It has been on the market for 148 days. Compare it against other retail listings for lease in Detroit, MI — <a href="/search/lease/retail/michigan/detroit">view the full market</a>.

As of Q1 2026, the Detroit retail market showed average asking rents near $17.00/SF/yr, rents up 1.3% year over year, and cap rates around 7.7%. Source: Consensus Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Detroit?
About 7.7% as of Q1 2026, per Consensus.

Unified Estimate

Medium Confidence

$1.52/SF/mo – $2.06/SF/mo

Mid: $1.79/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

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