A s a Senior Vice President of Friedman Integrated Real Estate Solutions, Phil is a well-respected leader in the industrial and office real estate industry. With nearly 30 years of commercial brokerage experience, Phil has brokered a myriad of complex and traditional transactions totaling over $230,000,000 across a variety of property types.
As your fiduciary partner, Phil works with Landlords and Sellers to obtain the highest price & the best terms the shortest period of time. Friedman’s multi-faceted, client-centered approach includes a custom- designed marketing and leasing program that promotes property strengths, provides maximum exposure and ensures targeted approach to users as well as investors from small local companies to large international firms.
Phil’s reputation as a top broker in the industry was built on the highest levels of integrity and service, coupled with his exceptional local market expertise and backed by Friedman’s cutting-edge research department which provides comprehensive, insightful market reports and up-to-the minute information on real estate trends.
As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.
Friedman manages over 140 facilities encompassing more than 16M SF of commercial and 10,000 multi-family units across the country. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions.
- Oakland County Michigan Business Finance Corporation
- Detroit Chinese Business Association (DCBA)
- Asian Pacific American Chamber of Commerce (APACC)
- German American Chamber of Commerce
- Certified Commercial Investment Designee (CCIM)
- Central Michigan University LMC Honors Alumni
- National Association of Realtors
- Detroit Area Commercial Board of Realtors (DACBOR)
- Michigan Association of Realtors
- President, Davisburg Rotary
MICHIGAN’S HOT INDUSTRIAL MARKET
Driven by the auto industry, Southeast Michigan’s industrial & office markets continue to post blockbuster trends .
The region’s industrial vacancy rate lowered to 4.2% in the second quarter of 2016 with average rental rates increasing to $5.13/sf. The office region experienced one of its best quarters with an absorption of 1.16MM square feet which lowered the vacancy rate to 13.3% and resulted in a increase in average lease rates to $18.78/sf for all class types.
Continued low interest rates have had the biggest impact on our market with sale transactions doubling over the last 24 months with average sale prices up 30% since 2013. Values are stable to growing depending on the area due to investment in foreign groups who see opportunities in real estate and risk in the unstable stock market.