The multifamily market in Michigan is experiencing steady growth and demand, particularly in urban areas such as Detroit, Grand Rapids, and Ann Arbor. The market is driven by a strong job market, population growth, and a desirable quality of life, which has resulted in low vacancy rates and increasing rental rates for multifamily properties.
Based on 51% of the capital invested in Michigan multifamily assets originating from out of state and a 83% Avg $/Unit increase due to this extra activity, Michigan is a good market to invest in. To get this information in a one-page summary, click here.
