Grand River Growth Plan -All Gibbs for City Jan 2 2026 - Flipbook - Page 105
Market Analysis Assumptions
unmet or pent-up demand). Informed by historical absorption patterns, demographic trends,
and local development intelligence, this study provides a range of new housing units that can
be reasonably supported in the study area by 2030.
Data sources used in this residential market analysis include publicly available governmental
and regional sources such as the U.S. Census Bureau, SEMCOG (Southeast Michigan Council of
Governments), Farmington Public Schools, and the Clarenceville School District. Additional data
was obtained from subscription-based providers including ESRI, CoStar, and
CoreLogic/Realcomp. These sources provided key insights into demographic trends, housing
characteristics, school district boundaries, and real estate market performance.
Limits of Study
This study is designed as objective third-party research and GPG does not recommend that any
or all the supportable residential housing be developed in the Grand River Avenue study area.
This report is based on information that was current as of May 2025, and GPG has not
undertaken any update of its research effort since such date. This report may contain
prospective financial information, estimates, or opinions that represent GPG9s view of
reasonable expectations at a particular time, but such information, estimates, or opinions are
not guaranteed.
This study is based on estimates, assumptions and other information developed by GPG
independent research effort, general knowledge of the industry, and consultations with the
client and its offered as predictions or assurances that a particular level of income or profit will
be achieved, that events will occur, or that a particular price will be offered or accepted. Actual
results achieved during the period covered by our prospective financial analysis may vary from
those described in our report, and the variations may be material.
No warranty or representation is made by GPG that any of the projected values or results
contained in this study will be achieved. This study should not be the basis for programming,
planning, designing, financing, or development of any real estate. This study is for the exclusive
use of the City of Farmington Hills for general planning purposes only and is void for other site
locations or organizations.
End of Study
Grand River Corridor Residential Market Analysis
Gibbs Planning Group, Inc. | Indigo Retail July 2, 2026
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