City Profile-Detroit; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retail.
Detroit city is a part of Detroit-Warren-Dearborn, MI Metro Area in Michigan, the US and is the administrative center of the Wayne county. The Detroit metropolitan area holds six counties and accounts for 52% of the Michigan state GDP.
The tertiary sector contributed the most to the area's GVA in 2017, accounting for 77.5% share. The city's diversified culture plays a significant factor for attracting tourists all through the year. Tourism accounts for 3.6% of the total GDP, positively impacting its economy
City Profile-Detroit provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Detroit.
The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.
- The service sector remains the key contributor to the area's economy-and the major employer. Detroit is a key tourist destination of Michigan State.
- Positive growth in construction sector was supported by rise in investments and building permits. Detroit witnessed a strong performance in the retail, construction and real-estate sector.
Reasons to buy
- Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city.
- Analyze and understand the business environment in the city to align your investment and expansion strategies.
- the report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.
- Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.
Table of Contents
City Snapshot 2
PEST Analysis 6
Technology and Infrastructure 22
Internal Transport Networks 22
Business Environment Analysis 26
Travel and Tourism 27
Tourism Flows 27
Construction and Real Estate 31
Real Estate Market 32
Retail Market 33
Consumption, Income and Prices 34
Further Reading 35
Ask the Analyst 35
About MarketLine 35
List of Figures
Figure 1: Detroit metropolitan area-real GDP growth, 2000-25 8
Figure 2: Detroit metropolitan area-economic growth comparison (Index 2010=100), 2000-25 10
Figure 3: Detroit metropolitan area-GDP per capita comparison, 2000-25 12
Figure 4: Detroit metropolitan area-employment structure, 2000-25 (% of total) 14
Figure 5 : Detroit metropolitan area-population comparison, 2000-25 (million) 18
Figure 6: Detroit metropolitan area-population by age, 2000-25 (% of total) 20
List of Tables
Table 1: Detroit metropolitan area-key facts (estimates), 2017 2
Table 2: Detroit metropolitan area-real GDP growth, 2000-25 9
Table 3: Detroit metropolitan area-economic growth comparison (Index 2010=100), 2000-25 11
Table 4: Detroit metropolitan area-GDP per capita comparison, 2000-25 (USD ) 13
Table 5: Detroit metropolitan area-employment structure, 2000-25 (% of total) 15
Table 6: Detroit metropolitan area-foreign born population by country of residence 16
Table 7: Detroit metropolitan area-main universities, 2017 17
Table 8: Detroit metropolitan area-population comparison, 2000-25 19
Table 9: Detroit metropolitan area-population by age, 2000-25 (% of total) 21
Table 10: Detroit metropolitan area-key airport indicators 24
Table 11: Detroit metropolitan area-office market rent (USD / sq ft/ month), Q1 2018 26
Table 12: Detroit metropolitan area-Fortune Global 500 companies, HQ in city, 2017 26
Table 13: Detroit metropolitan area-Hotel market key performance indicators 28
Table 14: Detroit metropolitan area-MICE and other events 30
Table 15: Detroit metropolitan area-building permits and values 31
Table 16: Detroit metropolitan area-apartment market indicators 32
Table 17: Detroit metropolitan area-retail market indicators, Q1 2018 33
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Detroit, Michigan State city profile, city analysis, city economy, economic outlook, city economy forecast, population forecast, city GDP, city GDP growth, city population, city tourism, city infrastructure, hotel industry, hotel occupancy, ADR, RevPAR, office space, office rentals, airlines, airports, business environment, retail locations, CBD, internet penetration, technology sector.
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