The Greater Lansing industrial real estate market is off to a strong start in 2025, according to Chris Miller, Senior Vice President and Industrial / Investment Advisor at Martin Commercial Properties, in a recent interview with Michigan Business Beat.

Vacancy is down to 10.1%, with every submarket seeing positive absorption in the first half of the year. The West submarket is especially tight at just 1.6% vacancy, underscoring the growing need for new industrial space.

Key transactions included:

• Lanter Delivery Systems leasing 49,000 SF
• Priority Express leasing 33,000 SF

With demand outpacing available inventory, speculative development is beginning to take shape—positioning Greater Lansing to capture continued growth. Large-scale projects like the Ultium Cells battery plant and Neogen’s research campus are also fueling long-term momentum for the region’s industrial economy.

📺 Watch the full interview here:

How Can You Benefit from Lansing’s Industrial Growth?

With vacancies at historic lows and demand continuing to outpace supply, Lansing’s industrial market is creating both challenges and opportunities. Tenants face increasing competition for space, while landlords and investors are seeing strong leasing activity and the potential for new development. For those considering expansion, relocation, or investment, timing and strategy are critical in this fast-moving sector.

At Martin Commercial Properties, our industrial advisors bring decades of experience helping tenants, landlords, and investors navigate Lansing’s evolving industrial landscape. Whether you’re evaluating space needs, weighing build-to-suit opportunities, or exploring investment options, our team can help position you for success.