detroit neighborhoods where developers are building

[Megan McClung]

these are the 10ish neighborhoods in detroit where developers are building new housing stock.

30+ new build sales in last 12 months: half sold for $227-300 per sqft. half sold for $301-418 per sqft.

build to rent: new builds rent for $2.00-2.57 per sqft.

my favorite neighborhood for new builds is islandview. it's on the east side, by the villages (hip historic area) and east village (another new build hub). plus land is cheapest there (of the new build neighborhoods).

what do you think abt these prices per sqft? does this leave room for build-to-rent strategy in detroit?