Map: Detroit Multifamily Housing 2016

multifamily-housing-2017.png

In the 2016 report, “Detroit Inclusionary Housing Plan and Market Study” prepared for the City of Detroit Housing and Revitalization Department (HRD) HR&A Advisors, Grounded Solutions Network, and Capital Impact Partners found that Detroit remains a single-family home market based on overall stock.

However, there is significant multifamily housing stock with over 125,000 units concentrated in Greater Downtown. Greater Downtown is a renter market, but has seen positive growth and a reduction in vacancy rates, down 11% between 2005 and 2015.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s