MARKET SNAPSHOT Detroit q3 2025

Market Overview

‍Metro Detroit’s multifamily market is edging closer to equilibrium as we move through Q3 2025. Average asking rent sits at about $1,339 per unit while occupancy reaches 93.2 percent. Year-to-date net absorption is approximately 1,807 units, outpacing the 1,622 units delivered through Q3. Annual rent growth is modest at 1.6 percent, and occupancy is up by ten basis points year-over-year. With just 393 units scheduled for delivery in Q4, the supply pipeline is thinning, setting the stage for improved fundamentals heading into 2026.

‍About MMG

‍MMG Real Estate Advisors is a US-based multifamily research and advisory firm focusing on metro-level rental-housing markets. Their Detroit Q3 2025 market report combines data on rent, occupancy, absorption, completions and pipeline trends to help owners, developers and investors assess timing, risk and positioning. To read the full report, click here.