• Lansing-East Lansing MSA has an unemployment rate of 3.4%, below the State of Michigan rate of 4.3% and the U.S. rate of 4.0%.
  • Overall market vacancy falls 10 basis points to 17.5%.
  • The 91,710 sq. ft. MSHDA building at 735 East Michigan Avenue (CBD) sold for $21 Million.
  • State government lease activity continues to be active.
  • Rental rates steady with limited landlord concessions.
  • New speculative construction remains non-existent.