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Despite our struggling economy, downtown Detroit is on an upswing — finally. With its abandoned storefronts and hollowed-out, Art Deco-era office buildings serving as the image of urban decay, the commercial district is wooing new businesses through public and private incentives. The migration into the city is occurring even as the city itself faces a potential cash shortfall by next spring. In the last two and a half years, new people working downtown increased by more than 10 percent, or 9,000 new jobs, according to the Detroit Economic Growth Corp. The biggest influx has been in the last 12 months, lured by office rents well below those in other major cities.

Despite our struggling economy, downtown Detroit is on an upswing — finally.

With its abandoned storefronts and hollowed-out, Art Deco-era office buildings serving as the image of urban decay, the commercial district is wooing new businesses through public and private incentives. The migration into the city is occurring even as the city itself faces a potential cash shortfall by next spring.

In the last two and a half years, new people working downtown increased by more than 10 percent, or 9,000 new jobs, according to the Detroit Economic Growth Corp. The biggest influx has been in the last 12 months, lured by office rents well below those in other major cities.

91 Notes

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  10. csgazette reblogged this from thedailyfeed and added:
    Pretty interesting stuff. The G decided to do some fairly easy Googling to find out what the average office rents, per...
  11. fatqueernerd reblogged this from ilovecharts and added:
    i would like to see a similar graph for apartment rents. i bet it’s even worse.
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    time to move to detroit!
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