|Specialty||# of Agencies|
|Single House or Condo||11|
|Home Owners Association||9|
|Total Local Companies||20|
Canton, MI Rental Market Overview
A Leader in Michigan's Economic Recovery
As the second-largest township in Michigan, Canton remains one of Michigan's fastest growing communities. While many of Canton's inhabitants commute to Detroit or Ann Arbor for work, the community is also home to a number of significant employers, including Yazaki North America automotive supplies and A.D. Transport Express. Recently the Canton Charter Township implemented business-friendly incentives like a ten-year property tax abatement program as part of the Michigan Strategic Fund for economic development. Measures like these are apparently paying off because Advance Engineering, a metal stamping and plastic thermoform company, announced plans to consolidate its metal division in an acquired building in Canton. The relocation could create 150 new jobs in the region. Canton Township's unemployment rate (3.4% in August 2013) has remained consistently below the state average (9% for same month according to U.S. Bureau of Labor Statistics), so it's likely that the growing economy will attract more developer and institutional investors in the near future.
Do You Have a Rental Market Entry Strategy in Place?
Canton doesn't have anything resembling the foreclosure inventory volume found in neighboring Detroit and the property assets here list higher than other communities, but on paper there seems to be more upside to economic opportunities, especially when you consider the community's centralized location between Ann Arbor and Detroit. It's also unclear when new multi-unit rental units will be built in the region. If you're a small investor looking for direction, you need real estate experts already immersed in the market. That's why a growing number of independent property investors turn to local property management companies for insights and suggestions. Many Canton property management companies employ real estate professionals who work closely with tenants and owners in their market. These property managers have an intimate and unique perspective on the market that surpasses the details you'll find on any executive summary printed remotely by an institutional investment firm in some big city. Take a few moments to review the profiles of the Canton property management companies listed here, and then request more information about your opportunities today.