Nice apartments near campus and downtown. That's what college kids want these days. Actually, more than just college students. Professionals under 35 are looking for the same living choices. With Ann Arbor's saturated market and few new apartment projects on the horizon, is it any wonder that the market is toght and rents are high?
"According to local commercial real estate agent Peter Allen, the local market can take in even more luxury beds. Allen's company has a listing for the air rights above Pizza House, which was built to hold a 15-story high-rise.
Allen is in talks with interested developers, and he says there's been a common theme: Ann Arbor is expensive."