Lansing Office MarketView H2 2016
• Pockets of Class A space have become available in the East Submarket.
•Renewal activity continued to be very strong given the limited options in the market.
•Rental rates held relatively steady and forecasted to hold firm through 2017.
•The State of Michigan, Michigan State University, the auto industry and the healthcare, insurance and financial services sectors continue to be the primary drivers of the market.
•Speculative space will continue to be non-existent.
•Sales activity was relatively active, prices continue to increase slightly for quality product in most submarkets.