Resilience Defines The Market
Although rent growth was negative at the national level, Detroit’s average advertised asking rent ticked up 0.1%, on a trailing three-month basis through January, settling at $1,332, according to the latest Yardi Matrix Detroit multifamily market report. Year-over-year, the metro’s average rose 1.8%, placing Detroit among the top performers and ranking it sixth among Yardi Matrix’s top 30 metros. The metro’s occupancy rate rose to 94.7% as of December, once again outperforming the national average, as per the U.S. multifamily market outlook.
The metro added 7,600 net jobs over the 12-month period ending in September 2025. Based on preliminary figures from the Bureau of Labor Statistics, Detroit’s unemployment rate reached 4.7% as of December, 30 basis points above the national figure of 4.4%. Revitalization efforts continued across the metro. The Van Buren Township Planning Commission granted preliminary approval for the data center campus known as Project Cannoli. If approved, the 1‑gigawatt campus would become the township’s largest taxpayer and a leading contributor for Wayne County.
As of December, developers had more than 4,300 units under construction. The pipeline remained strong, with an additional 27,000 units in various stages of development. During 2025, developers added close to 1,800 units to the metro’s inventory. Investment activity totaled more than $269 million in the past year, marking an upswing compared to the $250 million that traded in 2024.
Read the full Yardi Matrix Detroit Multifamily Market Report: March 2026
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