At the center of the U.S. Statistical Market Area with the 8th largest population (4,505,400) and the 12th wealthiest (U.S. Census Bureau, 2005), downtown Detroit and the neighborhoods nearby have a growing residential population that provides a strong base for future development.
Over the past decade, more than $15 billion has been invested downtown in two new professional sports stadiums, live theater and opera venues, gaming casinos and hotels, major new Class A offices for General Motors and Compuware, residential developments (single-family, condos and lofts), retail, restaurants, and nightclubs. As a result of these investments, the character of downtown Detroit and its neighborhoods has fundamentally changed.
To quantify this dynamic shift, Washington D.C. based Brookings Institution and The Social Compact conducted a cutting edge market analysis of Detroit Demographics. The complete Detroit Downtown In Focus report can be found
here.
In addition, the DEGC has worked with Social Compact to quantify the purchasing power and demographics of Detroit neighborhoods throughout the city. The 2007 Detroit Neighborhood Market Drilldown can be downloaded
here. Drilldown data is available in neighborhood and site-specific reports. Please
contact the DEGC for additional information.