Michigan State Local Information
Michigan is mainly known for information technology, life sciences and automotive output. It is also the third biggest cultivator of Christmas Tree's in the US. It experienced economic difficulty post 9/11 due to a fall in the stock market. This cause a pension crisis at major car manufacturers including Ford, Chrysler and General Motors. The Detroit office market, is like the rest of the US, suffering in the global economic downturn. However the will fair better than many due to the lack of subleased office space on the market. With moderate rental values, companies are not needing to reduce rental costs in the way they have to in other US cities where workspace is more expensive.