Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DETROIT—People who associate Detroit with bankruptcy and abandonment would be surprised to walk the streets of its CBD. Once abandoned or under-utilized office towers have been reopened or revived in the last five years and now throb with activity throughout the workday. And the thousands of employees who hustle along these streets have increasingly chosen to also live downtown, filling up existing structures and setting the stage for new multifamily construction.

According to a recent Detroit market study published by Broder & Sachse Real Estate Services, downtown Detroit is at a 98% occupancy for rentable housing, with neighborhoods such as Grand Circus Park and the CBD at 99%.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.