Detroit Rents on the Rise; the new frontier of opportunity
As more and more positive economic news continues about the resurgence in Detroit’s Urban Core we have now begun to see rapidly growing rental rates in the market. The lack of institutional development liquidity continues to put pressure on rising rents as demand far exceeds supply. A number of new development are in various planning stages within the city however it is simply not enough to keep up with the influx of new residents moving to the core. I expect this problem to continue for the next 2-3 years due to building lag between planning and finished construction. Quite simply, we are not building fast enough to meet demand. Interested in investing in this opportunity? Contact us!
Category : News