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 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 […]
Martin Commercial Properties, a leading authority in Mid-Michigan’s commercial real estate landscape, has unveiled its highly anticipated biannual Market Insights Report. This comprehensive dossier delves into the industrial, office, and retail sectors, providing invaluable insights into the region’s real estate dynamics for the first half of 2024 (January through June). Industrial Sector Highlights: A Beacon […]
Martin Commercial Properties is pleased to highlight a significant milestone for the industrial commercial real estate market with General Motors’ recent announcement. GM is investing $500 million, in conjunction with a grant from the U.S. Department of Energy, to electrify its Lansing Grand River Assembly plant. This strategic move underscores GM’s unwavering commitment to Michigan’s […]
We’re thrilled to announce the successful sale of the Hacker Family properties located at Clippert and Vine Streets! These plazas, nestled in the vibrant Frandor Shopping Center corridor, have long been a cornerstone of our community’s vitality and growth. We’re thrilled to announce the successful sale of the Hacker Family properties at Clippert and Vine […]