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, Compuware and Quicken Loans, 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.
In 2006, 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 result was the
Detroit Downtown In Focus report which demonstrated how downtown Detroit has the market foundation to become a vibrant, 24-hour residential, commerical, and entertainment district.
The following year, the DEGC worked
with Social Compact to quantify the purchasing power and demographics of
Detroit neighborhoods throughout the city. The
2007 Detroit Neighborhood
Market Drilldown was a comprehensive document covering 15 of Detroit's neighborhoods.
Recently, The Social Compact
and Detroit Economic Growth Corporation published the
2009 DrillDown Report for Detroit. This report will serve as a foundation for comprehensive
economic development strategic planning for the City of Detroit through 2012.
Drilldown data is available in neighborhood and site-specific reports. Please
contact the DEGC for additional information.