{"id":3340,"date":"2022-02-07T12:26:36","date_gmt":"2022-02-07T12:26:36","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?page_id=3340"},"modified":"2022-12-12T08:33:44","modified_gmt":"2022-12-12T08:33:44","slug":"detroit-apartment-data","status":"publish","type":"page","link":"https:\/\/www.yardimatrix.com\/blog\/detroit-apartment-data\/","title":{"rendered":"Detroit Apartment Data"},"content":{"rendered":"\n<p><strong>Detroit is the 23rd largest multifamily market <\/strong>with 218,659 completed units and 29,655 units in development, 4,333 of which have already broken ground, as of September 2022.<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"boston-multifamily-market-summary-december-2021\">Detroit Multifamily Market Summary &#8211; September 2022<\/h4>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg\" alt=\"Detroit Market Map\" class=\"wp-image-5152\" width=\"408\" height=\"326\" srcset=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg 620w, https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 408px) 100vw, 408px\" \/><\/figure>\n\n\n\n<p>New lease asking rents are at $1,228, up 6.2%\u25b2 <br>from the previous year placing Detroit at 109th<br>overall in year-over-year rent growth.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-vertical is-content-justification-left is-nowrap is-layout-flex wp-container-core-buttons-is-layout-cfee1719 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.yardimatrix.com\/Publications\/Download\/File\/2983-MatrixCityPagesSeptember2022Detroit\">Download the Full Report<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"boston-multifamily-market-summary-december-2021\"><\/h4>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"boston-multifamily-market-summary-december-2021\">Detroit Multifamily Market Summary &#8211; August 2022<\/h4>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg\" alt=\"Detroit Market Map\" class=\"wp-image-5152\" width=\"408\" height=\"326\" srcset=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg 620w, https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 408px) 100vw, 408px\" \/><\/figure>\n\n\n\n<p>New lease asking rents are at $1,238, up 8.5%\u25b2<br>from the previous year placing Detroit at 93rd <br>overall in year-over-year rent growth.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-vertical is-content-justification-left is-nowrap is-layout-flex wp-container-core-buttons-is-layout-cfee1719 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--2\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.yardimatrix.com\/Publications\/Download\/File\/2844-MatrixCityPagesAugust2022Detroit\">Download the Full Report<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"boston-multifamily-market-summary-december-2021\">Detroit Multifamily Market Summary &#8211; July 2022<\/h4>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg\" alt=\"Detroit Market Map\" class=\"wp-image-5152\" width=\"408\" height=\"326\" srcset=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg 620w, https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 408px) 100vw, 408px\" \/><\/figure>\n\n\n\n<p>New lease asking rents are at $1,245, up 10.4%\u25b2 <br>from the previous year placing Detroit at 77th <br>overall in year-over-year rent growth.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-vertical is-content-justification-left is-nowrap is-layout-flex wp-container-core-buttons-is-layout-cfee1719 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--3\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.yardimatrix.com\/Publications\/Download\/File\/2710-MatrixCityPagesJuly2022Detroit\">Download the Full Report<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"boston-multifamily-market-summary-december-2021\">Detroit Multifamily Market Summary &#8211; June 2022<\/h4>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg\" alt=\"Detroit Market Map\" class=\"wp-image-5152\" width=\"408\" height=\"326\" srcset=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg 620w, https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 408px) 100vw, 408px\" \/><\/figure>\n\n\n\n<p>New lease asking rents are at $1,228, up 10.8%\u25b2 <br>from the previous year placing Detroit at 78th <br>overall in year-over-year rent growth.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-vertical is-content-justification-left is-nowrap is-layout-flex wp-container-core-buttons-is-layout-cfee1719 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--4\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.yardimatrix.com\/Publications\/Download\/File\/2569-MatrixCityPagesJune2022Detroit\">Download the Full Report<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"boston-multifamily-market-summary-december-2021\">Detroit Multifamily Market Summary &#8211; May 2022<\/h4>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg\" alt=\"Detroit Market Map\" class=\"wp-image-5152\" width=\"408\" height=\"326\" srcset=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg 620w, https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 408px) 100vw, 408px\" \/><\/figure>\n\n\n\n<p>New lease asking rents are at $1,224, up 11.6%\u25b2 <br>from the previous year placing Detroit at 68th <br>overall in year-over-year rent growth.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-vertical is-content-justification-left is-nowrap is-layout-flex wp-container-core-buttons-is-layout-cfee1719 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--5\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.yardimatrix.com\/Publications\/Download\/File\/2431-MatrixCityPagesMay2022Detroit\">Download the Full Report<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"boston-multifamily-market-summary-december-2021\">Detroit Multifamily Market Summary &#8211; April 2022<\/h4>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg\" alt=\"Detroit Market Map\" class=\"wp-image-5152\" width=\"408\" height=\"326\" srcset=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg 620w, https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 408px) 100vw, 408px\" \/><\/figure>\n\n\n\n<p>New lease asking rents are at $1,207, up 10.6%\u25b2 <br>from the previous year placing Detroit at 80th <br>overall in year-over-year rent growth.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-vertical is-content-justification-left is-nowrap is-layout-flex wp-container-core-buttons-is-layout-cfee1719 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--6\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.yardimatrix.com\/Publications\/Download\/File\/2297-MatrixCityPagesApril2022Detroit\">Download the Full Report<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"boston-multifamily-market-summary-december-2021\">Detroit Multifamily Market Summary &#8211; March 2022<\/h4>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg\" alt=\"Detroit Market Map\" class=\"wp-image-5152\" width=\"408\" height=\"326\" srcset=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg 620w, https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 408px) 100vw, 408px\" \/><\/figure>\n\n\n\n<p>New lease asking rents are at $1,194, up 10.6%\u25b2 <br>from the previous year placing Detroit at 82nd <br>overall in year-over-year rent growth.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-vertical is-content-justification-left is-nowrap is-layout-flex wp-container-core-buttons-is-layout-cfee1719 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--7\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.yardimatrix.com\/Publications\/Download\/File\/2162-MatrixCityPagesMarch2022Detroit\">Download the Full Report<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"boston-multifamily-market-summary-december-2021\">Detroit Multifamily Market Summary &#8211; February 2022<\/h4>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg\" alt=\"Detroit Market Map\" class=\"wp-image-5152\" width=\"408\" height=\"326\" srcset=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg 620w, https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 408px) 100vw, 408px\" \/><\/figure>\n\n\n\n<p>New lease asking rents are at $1,185, up 10.4%\u25b2 <br>from the previous year placing Detroit at 87th <br>overall in year-over-year rent growth.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-vertical is-content-justification-left is-nowrap is-layout-flex wp-container-core-buttons-is-layout-cfee1719 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--8\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.yardimatrix.com\/Publications\/Download\/File\/1914-MatrixCityPagesFebruary2022Detroit\">Download the Full Report<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"boston-multifamily-market-summary-december-2021\">Detroit Multifamily Market Summary &#8211; January 2022<\/h4>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg\" alt=\"Detroit Market Map\" class=\"wp-image-5152\" width=\"408\" height=\"326\" srcset=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg 620w, https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 408px) 100vw, 408px\" \/><\/figure>\n\n\n\n<p>New lease asking rents are at $1,178, up 10.3%\u25b2<br>from the previous year placing Detroit at 82nd<br>overall in year-over-year rent growth.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-vertical is-content-justification-left is-nowrap is-layout-flex wp-container-core-buttons-is-layout-cfee1719 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--9\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.yardimatrix.com\/Publications\/Download\/File\/1746-MatrixCityPagesJanuary2022Detroit\">Download the Full Report<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"detroit-multifamily-market-summary-december-2021\">Detroit Multifamily Market Summary &#8211; December 2021<\/h4>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/02\/Detroit-Map.png\" alt=\"\" class=\"wp-image-3341\" width=\"366\" height=\"287\" srcset=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/02\/Detroit-Map.png 624w, https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/02\/Detroit-Map.png?resize=300,236 300w\" sizes=\"auto, (max-width: 366px) 100vw, 366px\" \/><\/figure>\n\n\n\n<p>New lease asking rents are at $1,168, up 9.9%\u25b2<br>from the previous year placing Detroit at 75th<br>overall in year-over-year rent growth.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-vertical is-content-justification-left is-nowrap is-layout-flex wp-container-core-buttons-is-layout-cfee1719 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--10\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.yardimatrix.com\/Publications\/Download\/File\/1439-CitySnapshotsDec2021Detroit\">Download the Full Report<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Detroit is the 23rd largest multifamily market with 218,659 completed units and 29,655 units in development, 4,333 of which have already broken ground, as of September 2022. Detroit Multifamily Market Summary &#8211; September 2022 New lease asking rents are at $1,228, up 6.2%\u25b2 from the previous year placing Detroit at 109thoverall in year-over-year rent growth. [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-3340","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Detroit Apartment Data - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Detroit is the 23rd largest multifamily market with 218,659 completed units and 29,655 units in development, as of September 2022.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/detroit-apartment-data\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Detroit Apartment Data\" \/>\n<meta property=\"og:description\" content=\"Detroit is the 23rd largest multifamily market with 218,659 completed units and 29,655 units in development, as of September 2022.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/detroit-apartment-data\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-12T08:33:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/12\/Detroit-Map.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Detroit Apartment Data - 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