Metro Detroit has a new industrial powerhouse.
Or make that two.
The city of Warren now has an industrial property base in that sector that far outpaces Detroit’s at $578.2 million, triggered in part by a handful of sweeping industrial expansions and retoolings in the automotive industry. Auburn Hills’ industrial property values also bested Detroit’s in 2016 at $499.3 million, according to data compiled by Bridge Magazine.
In some years since 2008, Detroit held the top spot. In others, Auburn Hills did.
In the region, Detroit had the third-highest total assessed industrial property values at $480.5 million last year, in spite of high-profile industrial investments in recent years, such as a new Flex-N-Gate Corp. plant expected to create up to 750 jobs and a $31.9 million expansion of the Sakthi Automotive Group USA Inc. plant on West Fort Street.