National Chain Closures Fuel Opportunities for New Tenants

Posted on July 14, 2025 in

Retail vacancy edged down to 17.9%, while absorption improved from -24,996 SF in H2 2024 to just -6,449 SF in H1 2025. National brand closures (Jo-Ann, Big Lots, Rite Aid) opened the door for new tenants, including Shake Shack, Dollar Tree, and Barnes & Noble, to backfill space quickly—especially in the East Submarket. Redevelopment and re-tenanting of aging centers continue to unlock value and drive momentum, with West Lansing’s Delta Crossings leading as a hub for retail expansion.

Rite Aid Closures Create Retail Opportunities throughout the Market

Posted on February 13, 2025 in

The Greater Lansing retail market saw vacancy rise to 16.4% in H2 2024, with closures like Rite Aid and Big Lots creating small-box opportunities. Delta Crossings continues to attract top retailers, with Best Buy and Bass Pro Shops joining Burlington.

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