The first half of 2025 brought encouraging momentum to the Greater Lansing retail real estate market, according to insights from Carson Patten and Samantha Le of Martin Commercial Properties, who recently joined the Michigan Business Beat. Vacancy improved to 17.9%, with absorption trending upward compared to late 2024. While the national market has seen continued […]
Despite national retail headwinds, Greater Lansing’s retail market demonstrated strength in H1 2025, with slight improvements in vacancy and absorption. Retail vacancy dipped to 17.9%, while absorption improved to -6,449 SF, recovering from a sharper decline in late 2024. The East Submarket continues to lead the region, with strong lease-up activity following national chain closures. […]
Greater Lansing’s office market showed signs of stabilization in H1 2025, as vacancy held at 22.4% and net absorption was nearly flat. While move-outs in the CBD dragged down performance, other submarkets—including East Lansing, North, and West—recorded modest positive absorption. Employers continue to fine-tune hybrid work policies, creating steady demand for smaller, flexible office spaces […]
The Greater Lansing industrial sector tightened significantly in the first half of 2025, signaling continued strength despite limited new construction. Industrial vacancy dropped to 10.1%, down from 11.0% in late 2024. Positive absorption reached 129,730 SF, with all submarkets posting gains. The West Submarket continues to lead the region, boasting a remarkably low 1.6% vacancy […]
The commercial real estate (CRE) landscape in 2025 is a complex mix of resilience, recalibration, and new realities. From core sectors like office, industrial, and retail to sub-sectors such as multifamily, hospitality, cold storage, and data centers, the industry is contending with a wide array of forces. This post takes a high-level view of where […]
Executive Vice President – Eric Rosekrans, CCIM and Senior Vice President | Office Advisor – Thomas Jamieson, SIOR join Michigan Business Beat’s Chris Holman to discuss leasing trends, tenant strategies, and the future of office space. With office vacancy rates at a 20-year high, landlords and tenants are navigating evolving work models and excess space. […]
Senior Vice President | Industrial & Investment Advisor – Christopher Miller, SIOR and Michigan Business Beat’s Chris Holman discuss Lansing’s industrial real estate trends, investments & market outlook for 2025. With industrial vacancy rates holding steady, demand in the Greater Lansing market remains strong. In this discussion, Christopher Miller explores key drivers shaping industrial real […]
Vice President | Retail Advisor – Carsen Patten & Senior Associate | Retail Advisor – Samantha Le, Give Retail Breakdown with Chris Holman on Michigan Business Beat Retail vacancy rates have only slightly increased despite economic pressures, signaling resilience in certain business categories. In this discussion, the Martin Commercial Properties team explores which retailers are […]
As the trusted leader in commercial real estate for over 60 years, Martin Commercial Properties continues to provide the market intelligence businesses rely on to navigate Greater Lansing’s evolving landscape. The firm’s latest biannual Market Insights Reports deliver expert analysis on key trends, major transactions, and market forecasts across the industrial, office, and retail sectors—offering […]
The Counselors of Real Estate® (CRE) release their highly anticipated list of the Top Ten Issues Affecting Real Estate in 2024 as we approach 2025. Navigating the Shifting Landscape of Commercial Real Estate in 2024 The commercial real estate landscape in 2024 is marked by several challenges, shifts, and emerging trends. As the market continues […]