Detroit, MI Market Trends

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Multifamily Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$41,473.53 +6.1% +14.4%
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Metro
$41,120.98 +7.1% +20.3%
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County
$36,193.15 +11.9% +31.9%
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City
$27,508.48 +6.7% +106.3%

Current Detroit market trends data indicates an increase of +6.7% in the median asking price per unit for Multifamily properties compared to the prior 3 months, with an increase of +106.3% compared to last year's prices. County-wide, asking prices for Multifamily properties are 11.9% higher at $36,193 per unit compared to the current median price of $27,508 per unit for Multifamily properties in Detroit, MI.

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Office Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$78.23 +0.9% +3.4%
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Metro
$87.07 +0.5% +2.1%
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County
$82.24 +1.0% +3.7%
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City
$58.13 +5.8% -13.2%

Current Detroit market trends data indicates an increase of +5.8% in the median asking price per sq ft for Office properties compared to the prior 3 months, with a decrease of -13.2% compared to last year's prices. County-wide, asking prices for Office properties are 1.0% higher at $82 per sq ft compared to the current median price of $58 per sq ft for Office properties in Detroit, MI.

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Industrial Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$40.73 +1.1% +9.1%
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Metro
$47.00 +0.7% +10.6%
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County
$38.85 -1.7% +12.0%
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City
$22.21 +4.2% +29.9%

Current Detroit market trends data indicates an increase of +4.2% in the median asking price per sq ft for Industrial properties compared to the prior 3 months, with an increase of +29.9% compared to last year's prices. County-wide, asking prices for Industrial properties are -1.7% lower at $39 per sq ft compared to the current median price of $22 per sq ft for Industrial properties in Detroit, MI.

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Retail Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$83.04 +3.3% +5.8%
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Metro
$87.85 +1.9% +1.8%
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County
$81.42 +4.1% +5.0%
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City
$72.09 +16.4% +11.7%

Current Detroit market trends data indicates an increase of +16.4% in the median asking price per sq ft for Retail Commercial properties compared to the prior 3 months, with an increase of +11.7% compared to last year's prices. County-wide, asking prices for Retail Commercial properties are 4.1% higher at $81 per sq ft compared to the current median price of $72 per sq ft for Retail Commercial properties in Detroit, MI.