Midtown Detroit publishes an every-so-often survey of mid- and downtown apartment rental vacancy. As of their last report, occupancy was 97.1%. That is consistent with anecdotal evidence I have heard from practitioners [[landlords, bankers, etc.) as well.Rental vacancy rates nationwide are usually around 5%. In Detroit, they're much worse.
And, no the Freep artcles breathlessly claiming "near 100% downtown occupancy" are not accurate. If they were, that would be indicative of normalcy, not some strong demand for new housing.
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