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.
Despite inflated debt, land & construction costs, development activity extends to every sector of the market
Market Activity Escalates; Regional Malls Shed Major Vacancies
Average vacancies rose from 15.8% in H2 2022 to 16.5%; however, retail interest is up and deals are getting done.