They've been building and building and converting. This seemed inevitable and, likely when coupled with Covid, is happening according to Crains.

For nearly two years, Detroit has had an excess of condominiums for sale on the market.

To developers, that means an added challenge in an already tough building climate plagued with long-rising construction costs eating into profit margins — not to mention economic upheaval caused by a deadly global pandemic.

For sellers of already existing units, those on the other side of the transaction have more options now to pick from, giving them more negotiating power.