Lansing Retail MarketView H2 2016
•Vacancies in the North and South Submarket continue to decrease.
•Growth in rent is slowing down and showing signs of stabilizing.
•Nearly 85,000 sq. ft. of speculative construction underway in the West Submarket.
•Kmart announces the closure of its store on Cedar Street in the South Submarket and Macy’s announces the closure of its store at the Lansing Mall in the West Submarket.
•Michigan’s first free standing Chick-fil-A restaurant opens in the West Submarket.
•Gander Mountain moves into its new 52,000 sq. ft. building in the West Submarket.