Mixed-Use Development & Restaurant Activity Dominate Market
•New mixed-use construction surges throughout the market.
•Average retail vacancy held steady during 2017.
•Food/beverage sector flourishes, with The Crafted Bean, Batter Up Bistro, La Cocina Cubana, Kingston Kitchen and Flour Child Bakery new to the market.
•Costco opens 156,170 sq. ft. store in the East Submarket.
•Gander Mountain shutters its 52,000 sq. ft. store in Delta Township (West Submarket).
•Investment sales of single-user NNN property are steady.
•McLaren to build $450 Million hospital adjacent to MSU in the East Submarket.
•The $730 Million Facility for Rare Isotope Beams, under construction through 2020 in the East Submarket, promises to make Greater Lansing the “Silicon Valley” of particle acceleration.