midtown detroit is the destination of over: 2 million annual visitors 30,000 employees 35,000...
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Midtown Detroit is the Destination of Over:
2 million annual visitors
30,000 employees
35,000 college students
1.5 million patients of the Detroit
Medical Center
17,000 residents
4,000 volunteers
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Cultural Institutions
Detroit Institute of Arts
College for Creative Studies
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Wayne State University
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Detroit Medical Center
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Detroit Public Schools
Cass Tech High School
Detroit School of Arts
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Willy’s Overland Lofts
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Art Center Town & Carriage Homes
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East Ferry Residential
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Springfield Lofts
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Commercial & Entertainment Activities
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Midtown Economic Indicators
2000 - 2005
Estimated Increase in Midtown Population:
(includes WSU students living in dormitories)
3,000
Number of Housing Units Completed, Under Construction, or Planned:
3,143
Housing Sales Prices: $140 - $400K
For Sale Housing Absorption Rates:
Completed Projects: 98%
Projects Under Construction: 60%
Average Monthly Rental Rates: $575 - $1,200 / month
Rental Occupancy Rate: 95%
New Small Businesses Opened or Planned: 37
Total Midtown Investment: $1.6 billion
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Institutional
Residential
Commercial
Green Space
$1.6 billion
Total Investment in Midtown: