Grand River Growth Plan -All Gibbs for City Jan 2 2026 - Flipbook - Page 82
Limits of Study
Figure 22: Grand River Ave. looking south toward 8 Mile Road.
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 is
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.
Figure 23
Farmington Hills Market Area Demographic Comparison
5 Mile Ring
Grand River
Ave. Retail
Trade Area
City of
Farmington Hills
70,000 HH
100,000 HH
50,000 HH
35,000 HH
$85,000
$90,000
$77,000 HH
$70,000
$115,000
Average HH Incomes 2029
26,000 pop.
155,000 pop
225,000 pop/
120,000 pop
83,000 pop.
HH Incomes $100,000 +
4,500 HH
28,000 HH
42,000 HH
18,000 HH
20,000 HH
Total Number of Businesses
1,500 Bus.
7,000 Bus.
11,000 Bus.
5,000 Bus.
4,700 Bus.’
15.000
80,000
150,000
45,000
60,000
2024-2929
Demographics
5-Minute
Drivetime
10-Minute Drivetime
Households 2024
12,000 HH
Median HH Incomes 2029
Total Workers
Grand River Corridor Office Market Analysis
Gibbs Planning Group
July 2, 2025
18.
