In this edition of our Market Brief, we turn our focus to Detroit, a city experiencing steady transformation and growing national recognition. Recently ranked 78th in the 2025 World’s 100 Best Cities Report, Detroit’s resurgence reflects a mix of economic revitalization, cultural investments, and strategic urban planning.
Midtown continues to see strong housing demand, supported by institutional anchors like Wayne State University and Henry Ford Health, along with transit expansion and cultural investments. Downtown is evolving with adaptive reuse projects and major redevelopments reshaping the city’s core, though elevated Class A vacancies indicate a market still adjusting to supply. The multifamily sector remains mixed, with vacancy rates high in select submarkets but expected to decline by 2026, signaling long-term stability.
We also include a review of the associated multifamily performance metrics, across the US, Metro Detroit, Downtown and Midtown Detroit submarkets.
DOWNLOAD THE BRIEF
