October 12, 2016
Lansing, MI is finally getting its due, years after the Great Recession ended. Michigan’s capital city is in the throes of billions in investments and a current development boom. Developers are going north on properties along main thoroughfares, while General Motors Corp. is expanding.
Officials point out that the resurgence is due, in part, to pent-up demand that began to spike in 2013. With the pipeline all but dry during and in the aftermath of the economic downturn, commercial real estate development growth is coming back.
Developers and officials do caution that, while the metro is poised for long-term growth, it will be at a slower pace. Van Martin with CBRE Martin in East Lansing said development will continue, but with less reliance on larger projects.
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