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INDEX BRIEF: Rents Climb While Market Continues to Tighten

Michigan Business Network
October 7, 2019 2:00 PM

martinThe Greater Lansing Area’s most active industrial sectors are the West, South and North Submarkets. Buildings in these sectors comprise nearly 37.7 million SF of industrial space, of which roughly 27.5% is leased. The balance is owner-occupied.

The West Submarket is the area’s largest industrial sector, with nearly 17.5 million SF of space. It is home to General Motors’ 3.6 million SF Delta Assembly Plant and 2.3 million SF parts distribution warehouse; over 3 million SF of warehouse/distribution space for Meijer; and ±1 million SF of manufacturing/distribution space for Spartan Motors.

Full report HERE

Michigan Business Network is an online broadcasting company that provides knowledge, news, and insights into Michigan’s businesses, industries, and economy.