Corporate & Professional Services
In the Detroit Region
Industry Overview
The Detroit Region and Michigan is home to some of the nation’s most notable along with fastest growing companies. This is due to the robust talent hub of corporate professionals and support workers and the overall business friendliness.
- 120,897 industry jobs, 2023
- 2.4 Job Density / Location Quotient, 2023
- 9,780 professional service business locations, 2023
- $24.0 Billion in gross regional product, 2023
- $117,000 Average Wages, 2023
- Detroit is nationally ranked as the Second Most Affordable City, 2022
With affordable costs of overall business, substantial industry growth, and location advantages - the Detroit Region is where companies are choosing to expand and relocate their operations to not only grow but optimize.
Data Source: Lightcast (formerly Emsi) & Consumer Affairs
Fortune 1000 Company HQs
Companies from around the world are choosing the Detroit Region for their office operations because of the region’s global connectivity, deep talent, nationally recognized educational institutions, and affordable cost of doing business.
There are 17 Fortune 1000 companies and 9 Fortune 500 companies headquartered in the Detroit Region. These companies have more than 795,000 employees worldwide and a combined revenue of $465+ billion in 2023.
Data Source: Fortune Magazine
Workforce
The Detroit Region is home to a vast community of cost-effective talent.
- 747,000 workers in business service related occupations across all industries, 2023
- 47,699 Office Clerks, 2023
- 46,585 General Operations Mangers, 2023
- 44,613 Customer Service Representatives, 2023
- 22,597 Accountants and Auditors, 2023
- 23,752 Secretaries & Admin, 2023
Click on the map to explore the business services workforce in individual communities.
Part of us moving downtown and bringing this space to life is to retain the incredible talent we have and tap into the talent Detroit has to offer, talent that is hungry, imaginative, creative, that perseveres.
- Dan Garrison, Accenture Managing Director in Detroit
Data Source: Lightcast (formerly Emsi)
Talent Pipeline
Companies locating in the Detroit Region can quickly tap into the extensive higher-education pipeline to meet their talent needs.
- 65,969 program completions across all postsecondary institutions in the Region, 2023
- 65% of Michigan graduates stay in state, MEDC 2017
Explore key professional services programs in and around the Detroit Region:
Data Source: IPEDS, Lightcast (formerly Emsi)
Regional Real Estate
Detroit Ranks #2 Lowest Office Rent Out of top metros, with the rent being more than half than Chicago, LA, New York, and San Francisco cost.
2.0 Million Sq. Ft. New Office SpaceRegional office space under construction in Q4 2023, with majority (98.3%) occurring in the Detroit Metro.
Avg. Office Rent at $21.89 Per Sq. Ft. In the Detroit Region, varying among metros .Ann Arbor leads at $26.36, Detroit at $21.77, Flint $18.47, and Monroe at $16.41 in Q4 of 2023.
+4.5% Regional Office Rent Growth In the past five-years, which is on par with national rates and grew 0.5% in one-year.
Verified Industrial Properties
The Verified Industrial Properties is an award-winning signature program of the Detroit Regional Partnership. Designed to advance the site readiness of vacant industrial properties across the region.
VIP Resources
- Online and interactive portal
- Desktop due diligence report
- Comprehensive map package
- Labor and demographic data
- Drone video and images
- Key data easily accessible
Investment Spotlights
Use the map to the right or click below to explore some of the recent corporate and professional services investments in the Detroit Region. Click on the map markers for more information.
Business Climate
The Detroit Regional Partnership offers confidential, no-cost assistance to domestic and international companies interested in investing in the 11-county Detroit Region. We specialize in helping companies understand and access the competitive advantages of our region - from workforce data to state and local incentives.
DRP Services:
- Single Point of Contact
- Regional Data
- Connections to Key Partners
- Incentives and Talent Assistance
- Building Site Analysis
A Top State for Business
The Detroit Region provides a highly-competitive business case for any investment project. Michigan ranks among the top 10 states for new and expanded facilities due to a new, simpler, and more competitive corporate income tax.
# 9 Top State for Doing Business, increasing 15 spots from 2019 to 2024, CNBC
#5 Top State for Affordability, U.S. News and World Report 2019
#12 Best State for Business Tax Climate, Tax Foundation 2023
#5 Lowest Marginal Tax Rate, U.S. News and World Report 2024 10.3%).
#7 Lowest UI Tax Liability, Unemployment Insurance (UI) Tax Component.
- 6% Corporate Income Tax
- 6% Flat Sales Tax
- 4.25% Personal Income Tax
Downtown Ann Arbor, MI
Contact Us
Phone: 313.518.5600
Office: 1001 Woodward Ave. Suite #800 Detroit, MI 48226 United States
Website: DetroitRegionalPartnership.com
Reach out for your local project partner!
