2025 Detroit Forecast

Research Multifamily Market Reports 2025 Detroit Forecast MARKET SNAPSHOT 2025 Detroit Forecast 2024 FORECASTED ANNUAL CHANGE 2025 $1,312 Q4 AVG. EFFECTIVE RENT 3.8% FORECASTED ANNUAL CHANGE $1,362 Q4 Avg. Effective Rent 93.4% Q4 AVG. OCCUPANCY +40 BPS FORECASTED ANNUAL CHANGE 93.8% Q4 Avg. Occupancy 2,154 2024 COMPLETIONS 2,097 10 Yr. Avg. Annual Completions 1,741 2025 […]
Twin Cities 2024 Forecast

Twin Cities 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,440 4Q 2023 $1,489 4Q 2024 2024 RENT CHANGE 3.4% OCCUPANCY RATE 94.5% 4Q 2023 94.2% 4Q 2024 4Q 2024 OCCUPANCY CHANGE -30 basis points EMPLOYMENT* 1.97M 2023 1.99M 2024 UNEMPLOYMENT RATE** 2.9% 2023 3.5% 2024 * Please note that these employment figures have been adjusted […]
Twin Cities Q3 2023

Twin Cities 3Q23Multifamily Market Report $1,536 average rent 94.8% average occupancy rate $431.1M ytd sales volume 1.0% YoY rent change -0.7 POINTS yoy occupancy change 32 YTD individual transactions Supply & Demand 3Q23 3,850 Units QUARTERLY DEMANDYTD: 6,014 2,779 Units QUARTERLY COMPLETIONSYTD: 5,898 Annual Demand vs Completions 2018 5,190 4,863 2019 3,626 5,215 2020 5,100 […]