Lansing Industrial & Logistics MarketView H2 2016
•For the 3rd consecutive period, absorption remained positive.
•Automotive industry continues to be the market driver.
•With quality space in short supply and no speculative construction in the pipeline, asking rental rates continue to rise.
•Lack of available options continues to force tenants to become more efficient within their existing spaces.
•Owner-user and leased build-to-suit construction dominated the market in H2 2016.
•500,000 sq. ft. owner occupied Meijer dry goods warehouse completed.
•112,400 sq. ft. Munters, 50,000 sq. ft. TFT Global and 24,840 sq. ft. Wayne Dalton leased build-to-suits completed.