The last 6 months or so I have noticed a dramatic increase in the number of "For sale or lease" signs here in the far Western suburbs. In some places around the Wixom and Novi area it appears as if every other building has one. It's even more noticeable than during the housing crash! The only difference now is that there are still tons of new buildings going up in the empty lots in between.

I don't claim to be very knowledgeable about commercial real estate or real estate in general, but I have to question the future of these projects given the already high vacancy rates.

Does anyone have a clue as to what is going on? Developers trying to beat the possible rise in interest rates? Too much money out there looking for returns? Some kind of demand I'm just not aware of? It just doesn't make a whole lot of sense to me why all these developments are still rolling forward given the obviously high vacancy rates in the area.