MARKET SNAPSHOT

Detroit q2 2026

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AVERAGE RENT

$1,361 Q2 2026

OCCUPANCY RATE

93.1% Q2 2026

NET ABSORPTION

2,027 T4Q

ANNUAL RENT CHANGE

2.2% Q2 2026

ANNUAL OCCUPANCY CHANGE

20 BPS

UNIT COMPLETIONS

1,403 T4Q

KEY TAKEAWAYS

Trailing 12-month absorption of 2,027 units continues to outpace the 1,403 units delivered in Detroit, with quarterly absorption holding at 842 units in Q2 2026, in line with 838 units in Q1.

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The construction pipeline is contracting rapidly, with trailing 12-month starts falling to 547 units from 2,759 a year ago and just 4,179 units remaining under construction, representing 1.8% of inventory.

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Rents rose 2.2% year-over-year to $1,361, accelerating to 1.9% quarter-over-quarter growth, while stabilized occupancy improved 20 basis points annually to 93.1%.

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MARKET OUTLOOK

Detroit's multifamily market is positioned favorably heading into the back half of 2026. A contracting construction pipeline, now down to 4,179 units under construction at just 1.8% of inventory, paired with consistent absorption is creating a tightening dynamic that should support further gains in both occupancy and rent...

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