Welcome to Friday Open Threads, wherein we’ll pass the mic to readers to speak up about topics of interest, distress, horror, and more. Have something you want discussed? Let us know. This week’s topic: rent prices.
Compared to other major cities, Detroit’s rental prices remain fairly low. Still, they have increased over the past few years. Market-rate rents go for around $2+ per square foot around downtown and the neighborhoods surrounding it. More new construction is coming online to meet the demand for apartments close to downtown.
Has your rent changed over the past few years? Are you in an apartment building that has new ownership and higher rent prices? Do you know someone who’s been priced out of their building or neighborhood? Or has the rent remained about the same?
Are you in a trendier neighborhood where prices have gone up? Or are you happy with an affordable apartment in an outlying neighborhood? What are you paying?
Let us know in the comments below or drop us a note on the tip line.