Development in Downtown Ann Arbor
The last several years have seen significant downtown private investment and new building construction, particularly high-density residential.
In addition, the Information Technology sector has developed a strong presence, drawn to the amenities and high quality of life that attract and retain our highly educated workforce. In the State Street Area a significant tech-corridor has formed with companies such as Menlo Innovations, Barracuda Networks, and Duo Security locating in close proximity to the University of Michigan Central Campus and the headquarters of Ann Arbor SPARK, a non-profit organization the is the driving force in establishing the Ann Arbor region as a destination for business expansion, retention, and location.
As a result of this growth and activity, downtown Ann Arbor is a very desirable location for new and expanding retail and office tenants. Market analyses indicate that the business demand to be downtown is continuing to grow, and commercial vacancy figures are among the lowest in the region.
Facts & Figures
Downtown is made up of:
- 67 blocks
- 6,547 Downtown Residents
- 1,318 Downtown Businesses
- More than 28,000 Downtown Employees (including UM central campus)
Less than 3%Current apartment vacancy
Less than 3%Current office vacancy