Quote:
Originally Posted by subterranean
This is what I keep telling my employer. We keep building and rehabbing houses and I'm trying to get small scale rental (under 12 units, townhouses and such) back into our portfolio. There's so much potential to densify our corridors in Michigan right now.
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Yeah, I think Detroit has the potential for a big windfall of new rentals. You have the prospect of light rail on Woodward, new business openings, and living incentives that have stimulated demand for more apartments. While many cities in Michigan have some empty inventory, it's not necessarily modern inventory....exactly the reason well off students or young professionals are snatching up these rental lofts and apartments in new buildings all over A2.