Despite housing slump, downtown rental market holds strong
Despite some setbacks in the downtown condo market — 1001 Woodward and
The Griswold come to mind — the rental market remains solid.
Despite some setbacks in the downtown condo market — 1001 Woodward and The Griswold come to mind — the rental market remains solid.
Excerpt:
Merchants Row on Woodward north of State Street has kept occupancy at
90 percent for its 161 rental lofts, said Danny Samson, a vice
president with the Sterling Group, which owns the apartments.
“Rental demand downtown continues to be strong, and I believe condo demand will improve as well,” he said.
Read the entire article here.
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