The Greater Lansing industrial market remained strong despite a vacancy increase to 11.5% in H2 2024, largely due to specific South-side vacancies. Demand stayed healthy, with major leases like Temperpack Technologies’ swift takeover of 135,000 SF on Snow Road.
View PDF >The Greater Lansing office market saw a slight uptick in vacancy to 21.9% in H2 2024, with CBD properties continuing to lag behind suburban assets. Leasing volume remained steady, though transaction values declined as companies downsized and favored shorter-term leases.
View PDF >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.
View PDF >Reliability You Can Trust
Here at Martin, we pride ourselves on conducting in-depth market analysis to keep you informed of trends impacting commercial real estate. Twice a year, our Market Insights include:
- Changes in vacancy rates
- Recent developments
- Trends affecting commercial real estate
- Descriptions of the market composition
- Breakdown of rentable space
- Unemployment rate
- Narrated analysis of absorption
- Asking rental rates