Market Snapshot Detroit Q1 2025

Market Overview

Detroit’s multifamily market saw mixed results in Q1 2025. Average rents increased 1.6% year-over-year to $1,180, while vacancy rates rose to 6.8%. Suburban submarkets like Novi and Sterling Heights outperformed the urban core, maintaining strong leasing activity. Deliveries remained limited, with fewer than 1,200 units under construction metro-wide. The market is still digesting pandemic-era growth and adjusting to shifting demand patterns amid inflationary pressure and rate volatility.

About MMG

MMG Real Estate Advisors is a boutique investment sales firm focused exclusively on multifamily properties. Their research highlights operational performance, construction pipelines, and capital market insights. MMG’s Detroit reports track submarket rent growth, transaction volume, and absorption trends, offering valuable intel for owners and investors navigating Rust Belt markets with evolving demographics and supply dynamics.