Market Snapshot: Michigan

Market Snapshot: Michigan

50 states in 50 weeks – This series leverages our market intelligence database to bring you powerful AE industry insights. Up next is Michigan. Each week, we highlight a new state in green while previously featured states fade to a lighter green. Follow along to see which state is next.

Michigan Economic Performance and Outlook Grade: C-

• Economy: C
• Population: C
• Workforce: D
• Financial/Fiscal Health: B

Michigan ranks fifth in the number of metropolitan statistical areas (MSAs), reflecting its diverse economic hubs. The state had one of the fastest-growing public sector construction markets between 2019 and 2023. As a major player in the automotive sector, Michigan also ranks among the top 10 states in licensed drivers and registered vehicles, underscoring the continued demand for transportation infrastructure and mobility-focused investments. Business-friendly policies contribute to Michigan’s economic outlook. In addition, significant investments from the Inflation Reduction Act have helped to create jobs and diversify the state’s economy. Additional highlights for Michigan include:

• Detroit: Ongoing urban redevelopment, mobility innovation districts, and infrastructure modernization projects
• Grand Rapids: Rapid growth in advanced manufacturing and health care driving commercial and industrial construction
• Ann Arbor: Expanding research and tech sectors fueling demand for lab space and mixed-use developments
• Lansing: Public-sector investments in government facilities and transportation upgrades supporting AE opportunities
• Flint: Water infrastructure and economic revitalization projects addressing long-term development needs

For sector-specific data and insights for Michigan or questions about our market intelligence and research services, call/text Rafael Barbosa at 972-266-4955 or email [email protected].

For a comprehensive outlook for 2025, you can access the 2025 AE Market Intelligence Webinar (recorded on January 28). Click here for details.