Ithaca Downtown Business

Housing Market Demand Study

The Downtown Ithaca Housing Demand Study - conducted by the Danter Company - represents a compilation of data gathered from various sources, including the properties surveyed, local records, and interviews with local officials, real estate professionals, and major employers, as well as secondary demographic material.


Conducted in 2016, the study concluded that over the next five years there is overall housing demand for up to 1,350 units in downtown Ithaca consisting of up to 350 for-sale housing units and up to 1,000 rental housing units. A demand also exists for 1,000 student purpose housing units to be built in the downtown area. 

Downtown Ithaca currently has a low vacancy rate, extremely high rents, and an ability to readily absorb new units in the marketplace.
 

To view the entire study, please click the following link: Downtown Ithaca Housing Study 2016