Quote:
Originally Posted by NorthernDancer
That's not even a particularly high density by suburban standards, never mind the inner-city of the core city of a major metro area.
|
Quote:
Originally Posted by NorthernDancer
There's no way it increased 20% in three years. If it increased it was probably by a few hundred people.
|
Keep in mind this area has predominately non-residential uses. The residential population is only 35,000 but the employment population is upwards of 135,0000; 66,000 in the CBD, and 59,000 in Midtown.
With this in mind, there was a housing incentive put in place for employees who did not already live in Downtown or Midtown to make the move. From 2011 to 2014, the incentives managed to attracted more than 1500 new residents into the area (that number rose to 2500 by 2016). That doesn't include housing built by Wayne State to house an increasing number of students who are choosing to live on-campus.
In 2016 alone, something like 1,600 new units were built. Which by the way, doesn't include renovated properties. Close to 2,000 units were renovated between 2010 and 2014 (there were 1200 new units in the same time period).
So in about a 4 year time period, the greater downtown Detroit area saw about 3200 new residences maintaining a 98% occupancy rate for that whole time. Assuming maybe only 1 and a half people move into a new/renovated unit and assuming 98% get occupied, you can still get about 4,000 new residents. 1,000 new residents per year isn't that hard to achieve.