REDEVELOPMENT OPPORTUNITY
REQUEST FOR QU A L I F I C AT I O N S A N D P R O P O S A L S
Part of the CBRE affiliate network
F O R C A P I T O L V I S TA P L A Z A
IG
C
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E
AP I
C
IT O ,M
L :: L A N S I N G
Part of the CBRE affiliate network
Capitol
Vista Plaza
Part of the CBRE affiliate network
Reverse
AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT
CBRE|Martin operates within a global family of contents; and you are to rely safely on your
2017 CBRE|Martin The information contained in
companies with many subsidiaries and/or related investigations and inspections of the Property in this document has been obtained from sources
entities (each an Affiliate) engaging in a broad range evaluating a possible purchase of the real property. believed reliable. While CBRE|Martin does not doubt
of commercial real estate businesses including, but not its accuracy, CBRE, Inc. has not verified it and makes
limited to, brokerage services, property and facilities The City of Lansing expressly reserves the right, at its no guarantee, warranty or representation about it.
management, valuation, investment fund management sole and absolute discretion, to reject any of all It is your responsibility to independently confirm its
and development. At times, different Affiliates may expressions of interest or offers, responses or accuracy and completeness. Any projections, opinions,
represent various clients with competing interests in the proposals to purchase the Property, and/or to assumptions or estimates used are for example only
same transaction. For example, this Memorandum terminate discussions with any entity at any time with and do not represent the current or future performance
may be received by our Affiliates, including CBRE or without notice which may arise as a result of review of the property. The value of this transaction to you
Investors, Inc. or Trammell Crow Company. Those, or of this Solicitations. The Proposer shall have no depends on tax and other factors which should be
other Affiliates may express an interest in the property recourse relative to such decision. evaluated by your tax, financial and legal advisors.
described in this Memorandum (The Property), may The City shall have the right to cancel all invitations for You and your advisors should conduct a careful,
submit an offer to purchase the Property and may be bids, or requests for proposals before bid opening, or independent investigation of the property to determine
the successful bidder for the Property. You hereby proposal submission and to reject all bids or proposals to your satisfaction the suitability of the property for
acknowledge that possibility and agree that neither after receipt. All invitations for bids and request for your needs. Photos herein are the property of their
CBRE|Martin nor any involved Affiliate will have any proposals shall contain a reservation or the foregoing respective owners and use of these images without the
obligation to disclose to you the involvement of any rights. In the event of such a cancellation or rejection, express written consent of the owner is prohibited.
instances, however, CBRE|Martin will act in the best the City manager or its designee shall promptly notify CBRE and the CBRE logo are service marks of
interest of the client(s) it represents in the transaction all affected bidders or offerors and make available to CBRE|Martin and/or its affiliated or related companies
described in this Memorandum and will not act in them a copy of the written explanation of such in the United States and other countries. All other
concert with or otherwise conduct its business in a way cancellation or rejection, which shall be a public marks displayed on this document are the property of
that benefits any Affiliate to the detriment of any other record. their respective owners.
offeror or prospective offeror, but rather will conduct
its business in a manner consistent with the law and The Owner shall have no legal commitment or
any fiduciary duties owed to the client(s) it represents obligation to any entity reviewing this Memorandum or
in the transaction described in this Memorandum. making an offer to purchase the Property unless and
until written agreements for the purchase and sale of
No Legal Commitment the Property have been fully executed, delivered and
Neither the Owner or CBRE|Martin, nor any of their approved by the Owner and any conditions to the
respective directors, officers, Affiliates or Owners obligations therein have been satisfied or
representatives make any representation or warranty, waived. Any such agreement is subject to the approval
expressed or implied, as to the accuracy of of the City of Lansing.
completeness of this Solicitation or any of its contents,
and no legal commitment or obligation shall arise by
reason of your receipt of this Solicitation or use of its
C
BRE|Martin (CBRE) on behalf of the City of Lansing, Additional Opportunity
Michigan (City), by and through Lansing Economic Area
Partnership (LEAP), is pleased to present this Request for The site currently houses the City Hall administrative offices and
Qualifications and Proposals (RFQP) to acquire and redevelop police headquarters, along with courts and other related city
Capitol Vista Plaza, in Downtown Lansing, Michigan, located functions. The City intends to move said operations currently
at 124 W. Michigan Avenue. The property is directly across housed in City Hall to a new Downtown location. In addition
the street from the State Capitol Building, adjacent to the State to the disposition and redevelopment of the current City Hall
House Legislature Building, the State Senate Building, and the site, the City of Lansing must identify and occupy a new facility.
Governors Office Building. This 30,274-square foot premier site Alternative locations for a new City Hall have been analyzed
offers developers the opportunity to build a significant modern but no decision has been finalized. To accomplish this task, the
mixed-use high-rise that could include a variety of commercial, City is willing to entertain proposals to this RFQP that includes
retail, entertainment, hotel, or high-density residential concepts, solutions for locating a site and constructing a new facility for the
within direct view of the State Capitol. City Hall administrative offices that may also encompass police
lock up and circuit courts.
The purpose of this RFQP is to identify and select one or
more developer(s) who has the vision, experience, capacity Developers responding to this alternate proposal are encouraged
and financial wherewithal to purchase and develop this site to propose creative turnkey solutions that redevelops Capital
to its maximum potential. The City intends to leverage the Vista Plaza and provides a new home for City Hall in Downtown
redevelopment of the property to further its goals in the Lansing. A comprehensive Space Utilization Study is available for
innovation district Downtown by spurring new redevelopment, your review upon request.
and sustainably integrating this area into the fabric of the
growing Downtown environment. Therefore, uses and activities
that strongly align with the Citys vision and concepts outlined in
this RFQP are highly recommended.
0.695-acre site located at the northeast Release of RFQP & Supplemental Materials June 12, 2017
Site: corner of N. Capitol Avenue and
W. Michigan Avenue in Downtown Lansing RFQP Submissions Due August 20, 2017
Tax ID 33-01-01-16-183-009
Floors 10
Foundation Concrete
T
he City of Lansings vision is for a developer to add to
the Downtown Lansing revitalization through delivering a
significant modern, mixed-use, high-rise building. With
the ideal location and views of the Capitol, the potential for 1
any type of development project, recognizing the wide-range Dominant hub of
of visions and ideas, is unmatched. The goal of this project is the business activity
for developers to create a building that will add value to the in Downtown
continuation of expansion and growth in Downtown Lansing.
The City of Lansing sees the need for an aesthetically pleasing
building, one that will change the skyline and become an iconic
building in the heart of the Central Business District (CBD).
2 3
Maximizes density Takes full
While the City recognizes the full potential, range of skillset, on the site advantage of
vision and creativity that each individual developer may have, it is the location
important that the development project meets the requirements, and views
seen in the graphic to the right.
4 5 6
LEED Certified, Increase Provides and
sustainable and tax revenue promotes
environmentally convenient and safe
friendly pedestrian and
bicycle access
7 8 9 10
Serves as a Increases
Attracts and retains Creates, a 24/7/365
catalyst for further visitor
talented people in center of activity
development numbers
the area and use
24/7
T DOWNTOWN LANSING
he Metro Lansing Region is comprised of Clinton, Eaton and
Ingham counties, with Downtown Lansing at its core. The
regional population of approximately 472,872 is spread Data from 2012-2016
across a multitude of smaller towns, each with their own distinctive
identity. Buoyed by a diverse economy, excellent schools,
affordable housing and numerous recreational opportunities, the
region is one of the most attractive places to live in the Midwest.
Downtown Lansing
2016 PRIVATE
and other professional offices. Downtown is also home to state
and local government, three higher education facilities, a minor-
INVESTMENT: $22,301,932
league baseball team, a convention center, a diverse collection
of non-profit organizations and a budding residential community.
Governmental
Program to date: $69,891,374
Sparrow Health System has served the community for over 100
years and is the regions largest health care system, offering
residents some of the most advanced medical technology in the
world. The hospital serves as the regional center for trauma,
cancer care, pediatrics, orthopedics, neonatal intensive care and
neurological care.
Lugnuts Stadium
Lansing Center
River Trail
Capitol Vista Plaza 15
VISITOR MAP
2 Candlewood Suites . . . . .
3 Causeway Bay Hotel . . .
4 Comfort Inn Lansing . . .
Greater Lansing, Michigan 5 Comfort Inn Okemos . . .
6 Comfort Inn & Suites
AREA MAP
Greater Lansing Convention & Visitors Bureau 500 E. Michigan Ave., Suite 180, Lansing, MI 48912 Phone: (517) 487-6800 (888) 2-LANSING (526746) FAX: (517) 487-5151 www.lansing.org E-mail: glcvb-info@lansing.org Dimondale/Lansing .
7 Country Inn and Suites.
8 Courtyard by MarriottL
A B C D E F G H I J K L M N O P Q R S 9 Crowne Plaza Lansing W
10 East Lansing Marriott
at University Place . .
CHANDLER RD.
TO THE CITY OF DEWITT TO THE CITY OF ST. JOHNS
1 45 SLEEPY HOLLOW THE EMERALD MAP KEY 1 11 East Lansing Super 8 . .
32 38 STATE PARK GOLF CLUB
12 Fairfield Inn
ACCOMMODATIONS GOLF COURSES TRANSPORTATION East Lansing/Okemo
CLARK RD. EXIT 87 ATTRACTIONS HOSPITALS OTHER 13 Fairfield InnWest . . . . . .
TO THE CITY OF CLARK RD.
EXIT 85 CAMPGROUNDS
GRAND RAPIDS LANSINGS RIVER TRAIL 14 Fairfield Inn & Suites
EXIT 84
2 EXIT 90 EVENT FACILITIES SHOPPING 2 Eastwood Towne Ce
S. DEWITT RD.
69 BUS. EXIT 89
15 Hampton Inn East La
27 WOODSIDE TO OWOSSO
16 Hampton Inn and Suites
FRANCIS RD.
GOLF CLUB
40
STOLL RD.
69 EXIT 92
Okemos . . . . . . . . . . . . . .
HAWK HOLLOW
GOLF COURSE 17 Hampton Inn and Suites
7 Lansing West . . . . . . . .
3 AND
LITTLE HAWK 3
AT HAWK HOLLOW 18 Holiday Inn Express & S
AIRPORT RD.
EAGLE EYE Lansing . . . . . . . . . . . . . .
96 GOLF CLUB
PARK
LAKE 19 Holiday Inn Express & S
STATE RD. 127 EXIT 94
East Lansing. . . . . . . . .
CHANDLER RD.
RIVER GOLF AND BOWL
AVE.
N. EAST ST.
TIMBER RIDGE
21 Howard Johnson Inn . . .
D.
EXIT 91 BUS. 22 FALCON AT GOLF CLUB
ER
35
96 HAWK HOLLOW
22 Hyatt PlaceLansing/
AK
WOOD ST.
L
CAPITAL REGION 14 COLEMAN RD. Eastwood Towne Ce
RK
INTERNATIONAL AIRPORT
PA
5 SHERIDAN RD. 5 23 Kellogg Hotel and Confe
RSH RD.
AVE
BUS. 22 .
. 27 2 19
16 5 7 ST 25 Quality Suites Hotel. . . . .
G RD. 6
W
SIN LAKE
INA
TO THE CITY OF 26 Radisson Hotel Lansing
R I V ER AN
MA
GR A ND GRAND LEDGE L 8 LANSING
SAG
HARRISON RD.
6 WILLOW HWY. BUS.
LA
KE LAKE LANSING RD. 23 6 at the Capitol . . . . . . . .
R I V ER
96 27 Ramada Lansing Hotel a
ABBOT RD.
13 43 DELTA COMMERCE DR. G R AND 44
CANAL RD.
MERIDIAN RD.
9
OKEMOS RD.
CREYTS RD.
4 10
WAVERLY RD.
HOSPITAL CAMPUS
33 39 26 19
E. W. SPARROW
4 DELTA TOWNSHIP 29 HOSPITAL CAMPUS 1 39
28 127 GRA 32 32 Sleep Inn of DeWitt . . . . .
RD.
(SEE DETAILED MAP ON REVERSE SIDE)
23 ND R
8 96
33 MICHIGAN AVE. IVER
AVE. 11 26 MERIDIAN TOWNSHIP 8 33 SpringHill Suites . . . . . . . .
RSH
8
EXIT 4 EXIT 7
ST. JOSEPH HWY. EXIT 8 11 41 34 Staybridge Suites . . . . . . .
MA
3 12 RED R I V ER
7 9 EXIT 3 15
30 496 C E DA R
35 TownePlace Suites . . . . .
EXIT 95 EXIT 5 8 University Quality Inn . . .
21 TROWBRIDGE RD. 42 36
DOWNTONW
DOWNTOWN LANSING 34 13
9 496 GRA
N D RI V
ER
(SEE DETAILED MAP ON REVERSE SIDE)
EXIT 9 35 30 GRAND 9 Bed & Breakfast / M
MSU CAMPUS HANNAH BLVD. RIVER
EXIT 1
10 RE D GREYHOUND/ (SEE DETAILED MAP ON REVERSE SIDE) AVE.
C E D A R R I V ER
AMTRAK OKEMOS 35 Cozy Koi Bed & Breakfa
KING JR. RD.
HAGADORN RD.
GREATER LANSING 2 FOREST AKERS RE
D 37 The Legend Inn . . . . . . . . .
BROOKSHIRE INN
PENNSYLVANIA CAMPUS GOLF COURSE
10 7 40 11 & GOLF CLUB
10 38 St. Johns Motel . . . . . . . . .
CE
SYCAMORE
PENNSYLVANIA AVE.
DA
CEDAR ST.
MERIDIAN RD.
MCLAREN
OKEMOS RD.
RR
GREATER LANSING ER 39 Wild Goose Inn . . . . . . . . . .
.
AURELIUS RD.
RD
IV
GREENLAWN CAMPUS 16
CANAL RD.
496
CREYTS RD.
IN
HOLMES RD.
69
.
NS
RD
36
LA
Attractions
IN
COLLEGE RD.
46
NS
CAVANAUGH RD.
MARTIN LUTHER
GM DELTA
WAVERLY RD.
11
LA
E 28
R
OL
BUS. V
ASSEMBLY RI COLLEGE FIELDS
PLANT 27 AN
D 25 GOLF CLUB 2 City Limits Bowling Cen
GR
34 16 Mason . . . . . . . . . . . . . . . .
18 JOLLY RD. JOLLY RD. JOLLY RD.
6 TO THE CITY OF 3 City Limits Bowling Cen
1
LANSING
127 6 14 12 20 5
DETROIT East Lansing. . . . . . . . .
12 12
S. WASHINGTON RD.
CAMPGROUND
EXIT 98B
99 96 5 Country Mill . . . . . . . . . . . . .
HAGADORN RD.
CEDA
OKEMOS RD.
TORONTO
CHARLOTTE POTTERVILLE EATON RAPIDS 3 WILLOUGHBY RD. 11 Eli & Edythe Broad
DETROIT
TO HOLT TO THE CITY OF MASON
14
69 5 8 9 2 24 CHISHOLM HILLS 127 TO THE VILLAGE OF CHICAGO 14 Art Museum . . . . . . . . .
36 10 2 20 21 TOLEDO
12 Fenner Nature Center . .
37 GOLF CLUB EL DORADO 6 IRONWOOD LINKS 11 BROOKLYN FORT WAYNE CLEVELAND
GOLF COURSE GOLF COURSE
COLUMBUS
PITTSBURGH
13 FunTyme Adventure Pa
Grand Ledge . . . . . . . .
A B C D E F G H I J K L M N O P Q R S 14 FunTyme Adventure Pa
Okemos . . . . . . . . . . . . . .
16 Capitol Vista Plaza
2 8
SpringHill Suites . . Hampton . . . . . . . . . . . . . . . . . . A-8 6 . . Mason
26 MERIDIAN 42
TOWNSHIP 33 8 Inn East Lansing . . . K-6 Area 31MerchantsNCG Eastwood . . . . . . . . . Cinema . . J-14 . . . . . . . . . . . . J-6
RSH
36 University Quality Inn . . . . . . . . . . . . . . . K-7
MER
TROWBRIDGE RD. 15 9 Old Town Historic District . . . . . . . . . . H-7
TO OWOSSO Staybridge Suites . . . . . . . . . . . . . . . . . O-11
13 34 Hampton Inn and Suites 7 Mega Mall 32 . . . . . .Nokomis
. . . . . . . . . . .Learning
. . . . . . . . . . .Center I-3 . . . . . . . . . . P-8
MA
16 10 Tanger Outlet Center
.9
35 30 40 GRASuites
MSU CAMPUS TownePlace 35 ND RIV . . . . . . . . . .. .. .. .. .. .. .. .. N-9
Okemos . . . . . . . . . . .8. . . . Meridian . O-11 Mall 33 . .R. . .E. . . . . . Bed
. . .Olds . . . . . . .&
. Transportation . . P-9 Breakfast / Motels Kensington Valley . . . . . . . . . . . . . . S-13
HANNAH BLVD. ER AVE
8 (SEE DETAILED MAP ON REVERSE SIDE) University Quality Inn . . . . . Inn . . . .. .and K-7 9 Old Town Historic District Museum . . . . . . . . . . . . . . . . . H-8
36
OKEMOS 17 Hampton . . . . .Suites . . . . . . . . . . .H-7
35 Cozy Koi Bed & Breakfast . . . . . . . . . H-7 11 Williamston Area Merchants . . . . . S-10
MT. HOPE AVE. Lansing West . . . . . . . . . . . .10 . . . B-6 Outlet
G
Accommodations
R AND R 15 Grand RiverBed9 3
Park/ & Breakfast / Motels
WILLIAMSTON
. . . . . Tanger 34 Center Potter Park Zoo . . . . . . . . . . . . . . . . . . . . . . I-9
36 The English Inn . . . . . . . . . . . . . . . . . . . . F-14
IVER A 18 Holiday
TO Inn Express & Suites Kensington 35 Valley Royal .Scot . . . . . .Golf
.....& . . S-13Bowl . . . . . . . . . . . . E-4 Event Facilities
HAGADORN RD.
OREST AKERS VE. RE J & K Steamboat Line . . . . . . . . . . F-9 37 The Legend Inn . . . . . . . . . . . . . . . . . . . . E-14
D Lansing . . . . . . . . . . . BROOKSHIRE. . . . . . . . . . . . . . B-12
11 Williamston36 INN
EMOS
OLF COURSE 1 Americas Best Value Inn . . . . . . . . . . I-13 35 Cozy Koi Bed & Breakfast . . . . . . . . . H-7 Area Merchants
Soldan Dog Park . . . . . S-10 . . . . . . . . . . . . . . . . . . . I-11
16 Harris Nature Center . . . . . . . . 19 R-11 40Inn Express 11 & GOLF CLUB
10 38 St. Johns Motel . . . . . . . . . . . . . . . . . . . . . J-1 1 Aim High/The Summit
CE
. . . . . .Holiday & Suites
DA
MERIDIAN RD.
2 Candlewood 36 The English Inn . . . . . . . . . . . . . . . . . . . . F-14 37 Spare Time
RD.
TO WILLIAMSTON Suites . . . . . . . . . . . . . . . . K-10 Sports & Ice Complex . . . . . . . . . B-12
East Lansing. . . . . . . . . . . .Event Facilities Entertainment
RR
17 Hawk Island ER Park . . . . . . . . . . . . . . . . . . . I-11 . . . . . . . . . K-6 39 Wild Goose Inn . . . . . . . . . . . . . . . . . . . . . M-8
Center . . . . . . . . . . K-7
IV
3 Causeway EXITBay94Hotel . . BROOKSHIRE . . . . . . . . . . . . . I-14 37 The Legend Inn . . . . . . . . . . . . . 16 . . . . . . . E-14 2 Alliance Lake Softball Complex . C-14
MERIDIAN OKEMOS
INN 18 IMAX at Celebration! Cinema20. . . .Holiday . I-13 Inn Express & Suites 40 Williamston Inn Motel . . . . . . . . . . . . . R-10
11
4 Comfort40Inn Lansing . . . . . . . . . . . . . . . B-8
& GOLF CLUB
10 38 St. 4Johns Motel . . . Okemos . . . . . . . . . . . . . . . . . . J-1
. . . . . . . . . . . . . . . . . . . . . . . . O-12
1 Aim High/The Summit 38 Spector-Walker 3 Breslin Student Events Center . . . . L-8
69 19 Impression 5 Science Center . . . . . H-8
RD.
Sports & Ice Complex Beatles. .Collection . . . . . . . B-12 . . . . . . . . . . . . . . B-13
Attractions
COLLEGE RD.
ER TIMBER RIDGE 5 Comfort Inn Okemos . . . . . . . . . . . . . . P-12 39 Wild Goose Inn .Howard . . . . . . . . . . . . . . . . . . . . M-8 4 East Lansing Hannah
RI
T.
S106B 10 East Lansing Marriott
25 Malcolm X HomesiteMason . . . . . . . . . . . . . . H-11
. . . . . . Quality
25
. . . . . . . . . Suites . . . . K-14
. . . . . . . . Hotel
6 East Lansing Softball
. . . . . . . . . . . . . . . . . B-7
43 12 Complex
Sundance Riding . . .Stables
M-6 . . . . . . . . . . A-6
4 Cooley Law School Stadium. . . . . . . . I-8 8 Kircher Municipal Ball Field. . . . . . . . K-8
96 at University LAKE Place
TO THE
JOLLY
. . . . . . .RD.
CITY. . . . . . . L-8
OF
26 Meridian Historical 3 City Village
Limits . . . . . . . . . P-8
Bowling Radisson Center Hotel Lansing
7 The James44 B. Henry Turner-Dodge Center House . . . . . . . . . . . . . . . H-6
5 Country Mill . . . . . . . . . . . . . . . . . . . . . . . . A-14 9 Lansing Center. . . . . . . . . . . . . . . . . . . . . . H-8
26
MA
EXIT 106A 11 East Lansing Super DETROIT 8 . . . . . . . . . . . .EXIT 110 27 Michigan Energy Options East .Lansing. . . . . . . . M-8 . . . . . . . . .. . .O-6 45 Uncle Johns Cider Mill. . . . . . . . . . . . . . I-1
1 23
. . N-8
28 Michigan 12 Historical 6 Center
. . .at
. . .the
. . . . .Capitol
. . . . H-8Stadium. . . . . . . . I-8
. . . . . . . . . . . . . . . . . H-8
8 Kircher Municipal 46 Woldumar Ball FieldNature
6 Demmer Center . . . . . . . . . . . . . . . . . . . M-12
. . . . . . . .Center K-8 . . . . . . . . D-11
10 Lansing Community Colleges West
Campus Conference Center . . . D-9
12 Fairfield Inn 4 Cooley Law . . . .School
27 Ramada Lansing Hotel and 7 East Lansing Aquatic Center . . . . . . L-6
East Lansing/Okemos . . . . . . . . O-12 29 Michigan Supreme 5 Country Court Mill . . . . . . .Conference . . . A-14. . . . . . . . . . . .Lansing
. . . . . . . . . . . . . . Center
9 . . B-7 Center 47 Zap . . . . . . .. .. .. .. .. .. .. .. .. .. .H-8
. . . . . .Zone . . . . . . . . . . . . . . . . . D-7 11 Michigan International
8 Eaton County Fairgrounds . . . . . . . . A-14
13 Fairfield InnWest . . . . . . . . . . . . . . . . . . B-7 Learning
1 Center
6 Demmer
MACKINAW CITY
. . . . . . . . . . . . . . . . . G-8
Center
28 Red . . . . .Roof
. . . . . .InnEast
TO THE CITY10OF Lansing Community
. . . . . . . . M-12 . . . . . . . . . . . . . . . . K-11
13Colleges West Speedway. . . . . . . . . . . . . . . . . . . . . . N-14
HOWELL
COLLEGE RD.
2 Eastwood
MACKINAW CITY
Towne Center
TO THE CITY OF
. . . . . . . J-5
NCG 13 Eastwood
8 Eaton 7RAPIDS.County
Cinema
30FLINT Fairgrounds
Residence Inn
J-6
. . . . .by . . . Marriott
A-14
Speedway
1 East Lansing
. . . . . . . . . . . . . . .10
Shopping
. . . . . .EDRU
. . . . . . . . . . . M-8
. N-14Skate*A*Rama. . . . . . . . . . . . . . . I-14
13 Wharton Center
15 Hampton Inn East HOWELL Lansing . . . . . K-6 31 . . . . . . . . . . .
East Lansng
BUFFALO
B-7 2 Eastwood Towne Center . . . . . . . . . . . J-6 for Performing Arts ................. M9
9 Eaton Countys Museum LANSING . . . . . . . . . . . . . . . . . . . . .
11 . . . &L-9
10 32 Nokomis Learning Center 12 Spartan Stadium . . . . . . . . . . . . . . . . .Eli Edythe Broad
TRAVERSE
16 Hampton Inn and Suites . . . . . . . . . . P-8
DETROIT
at Courthouse 3 Lansing City MarketArt . . . . . . . . . . . . . . . . H-8 14 West Side Park & Ball Field . . . . . . . G-7
31 Residence Square . Inn . . . . .by . . . Marriott
A-14
CITY
4 Lansing Mall
OKEMOS RD.
GRAND
10 EDRU Skate*A*Rama . . . . . . .. .. .I-14 . . . . . . . . . . . . . . . . . . . . . C-7
NWOOD LINKS
RAPIDS
11 Inn BROOKLYN BUFFALO
TOLEDO
CLEVELAND
for Performing Arts ................. 12. . . . Fenner M9 Nature Center . . . . . . . . . . . . . J-10
17 Hampton
LANSING FLINT and Suites Museum . . . . . . .FORT . . . . . . . . . . . . . . H-8
. . . .WAYNE
Sleep Inn of DeWitt H-1
F COURSE 32 11 Eli & Edythe 32 Broad . . . . . . . . . . . . . . . . . 5 Lansing Shopping 13 District . . . . . . . . . H-7 Greater Lansing Visitor
14 West Side Park & Ball Field . . . . . . . G-7 Adventure Park FunTyme
PITTSBURGH
RD.
26 MERIDIAN
& Suites TOWNSHIP 14 33 SpringHill . . . . . . . . . . . Suites
. . . . . . . . . . M-8 . . . . . . . . . . . . . . . . . . A-8 6 Mason Area Merchants Grand . . . . . . . . .J-14
. . .Ledge . . . . . . . . . . . . . . . . . . . A-6 CenterLansing . . . . . . . . . . . . I-8
RSH
34 Center
Staybridge . . . . . .Suites . . . .J-10 . . . . . . . . . . . . . . . . O-11 7 Mega Mall 14 . . . . . . FunTyme . . . . . . . . . . I-3
. . . . . . . . . . . .Adventure Park Greater Lansing Visitor
MA
CLEVELAND
Lansing . . . . . . . . . . . . . . . . . . . . . . . . . B-12 36 Soldan Dog Park . . . . . . . . . . . . . . . . . . . . I-11
COLUMBUS
PITTSBURGH
13 FunTyme Adventure 35 TownePlace Park Suites . . . . . . . . . . . . . . . Greater . . N-9 Lansing
8 Meridian Visitor Mall . . . . . .Okemos . . . . . . . . . . . . . . . . N-12
. . . . . . . . . . .. .. .. .. .. .. .. . P-9 CenterEast Lansing . . . M-8
Holiday Inn Express & Suites
8 19 37 Spare Time Grand LedgeUniversity . . . . . . . . . . .Quality
. . . . . . . . Inn . A-6 . . . . . . . . . . . . . . . K-7 CenterLansing
9 Old Town. .Historic . . . . . . . . . . I-8
District . . . . . . . . . . H-7
36
P Q East Lansing. R . . . . . . . . . . . . . . . . . . . . K-6
S Entertainment 14 FunTyme Center . . Adventure . . . . . . . . K-7
Park Greater Lansing
10 Visitor
Tanger Outlet Center
Map courtesy of the
Holiday InnGExpress & Suites
4 20 RA
Okemos . . . .N. .D. . R . . IV . . . . . . . . . . O-12
. . .E. R
38 Spector-Walker 9 Okemos Bed .....& . . . . Breakfast
. . . . . . . . . . . . . . . N-12 / Motels CenterEastKensington Lansing Valley . . . M-8 . . . . . . . . . . . . . . S-13
Greater Lansing Convention
AVE. Beatles Collection. . . . . . . . . . . . . . B-13 & Visitors Bureau
OKEMOS Accommodations
21 Howard Johnson Inn . . . . . . . . . . . . . . . K-9 39 State Capitol Building . . . . . . . 35
15 Grand River Park/ Cozy Koi Bed & Breakfast . . . . . . . . . H-7 11 Williamston Area Merchants . . . . . S-10
. . . . . . . H-8
J & K Steamboat Line . . . . . . . . . . F-9
22 Hyatt PlaceLansing/ 1 Americas
TO WILLIAMSTON Best Value Inn 40 . . . . I-13
. . . . . .The Steam Railroading 36 The English Inn . . . . . . . . . . . . . . . . . . . . F-14
16 Harris Nature Center . . . . . . . . . . . . . . R-11 Event Facilities
RE Eastwood Towne Center
2 Candlewood Suites . . .BROOKSHIRE . . . . . . . J-5 K-10
. . . . . . . . . . . . . Museum . . . . . . . . . . . . . . . . . . . . . . . .The
37 . S-3Legend Inn . . . . . . . . . . . . . . . . . . . . E-14
D INN 17 Hawk Island Park . . . . . . . . . . . . . . . . . . . I-11
5 23 Kellogg Hotel3andCauseway Conference 40 11 & GOLF CLUB
Bay Hotel . . . . . 41 C! . . . . . . . . . . .10
. . . . . . . . . . . 38 St. Johns Motel J-1 1 Aim High/The Summit
CE
. . . . I-14
. . . . . .Studio . . . . . . . P-9 . . . . . . . . . . . . . . . . . . . . .
DA
CenterMSU . . . . . . . . . . . . . . . . . . . . L-8
OKEMOS RD.
24 Motel 6. . . . . . . . . . . . . . . . . . . . . . . . . 16 . . . . . . B-7 19 Impression 5 Science Center . . . . . H-8 2 Alliance Lake Softball Complex . C-14
5 Comfort Inn Okemos . . . . . 43 . . . P-12 Riding Stables . . . 40
. . . . . .Sundance . . . . . .Williamston
. A-6 Inn Motel . . . . . . . . . . . . . R-10
25 Quality Suites6 Hotel. . . . . . . . . . . . . . . . . B-7 20 Ingham County Courthouse . . . . . . J-14 3 Breslin Student Events Center . . . . L-8
Comfort Inn & Suites 44 Turner-Dodge House . . . . . . . . . . . . . . . H-6
26 Radisson Hotel Lansing Dimondale/Lansing . . . 45 . . C-12
. . . . . .Uncle
21 Ingham County Attractions Fairgrounds . . . . . . K-14 4 East Lansing Hannah
Johns Cider Mill. . . . . . . . . . . . . . I-1
6 at the Capitol . . . . . . . . . . . . . . . . . . . . H-8
7 Country Inn and Suites. . . 46 . . . . C-9 Nature 11
. . . . . .Woldumar
22 Lake Lansing
1
Center . . . . . . . . D-11
Park
Burgdorf
North . . . . . . . . . . Q-5
Winery . . . . . . . . . . . . . . . . . . . . S-7
Community Center. . . . . . . . . . . . . . . L-7
27 Ramada Lansing Hotel and 23 Lake Lansing Park South . . . . . . . . . Q-6
2 City Limits Bowling Center
5 East Lansing Soccer Complex . . . . L-6
Conference 8 Center Courtyard by MarriottLansing
. . . . . . . . . . . . . . B-7 47 Zap . . . K-6
Zone . . . . . . . . Le . . . . . . . . . . . . . . . . . . . . D-7
16 S 9 Crowne Plaza Lansing West. . . . . . . C-9
24 Chat Gourmet . . Mason . . . . . . . . . . . . . . . . F-14
. . . . . . . . . . . . . . . . . . . . . . . . . . . K-14
6 East Lansing Softball Complex. . . M-6
28 Red Roof InnEast . . . . . . . . . . . . . . . . K-11JOLLYShoppingRD. 25 Malcolm X Homesite . . . . . . . . . . . . . . H-11 7 The James B. Henry Center
10 East. . Lansing Marriott
TO THE CITY OF 3 City Limits Bowling Center
12 20 5 29 Red Roof InnWest.at . . . . . . . . . . . . . . B-7 for Executive Development . . . K-10
RD. University Place DETROIT
. . . . . . . . . . . . . . L-8 26 Meridian Historical Village East Lansing . . . . . . . . . .P-8 . . . . . . . . . . . . . . . . . O-6
7 30 Residence Inn by Marriott
11 East Lansing Super 8 . . . . . 2. . . . .Eastwood
1 East Lansing Shopping
27 12
Michigan
. . . . . . . . . . . M-8
Energy4 Options
Cooley Law School M-8 Stadium I-8 8 Kircher Municipal Ball Field. . . . . . . . K-8
1East Lansng
. . . . . . . . .
. . . . N-8 . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . B-7 Towne Center . . . . . . . . . . . J-6 9 Lansing Center. . . . . . . . . . . . . . . . . . . . . . H-8
12byFairfield Inn 28 Michigan Historical 5 Country Center Mill. . . . . . . . .H-8 . . . . . . . . . . . . . . . . . A-14
10 31 Residence Inn Marriott 3 Lansing City Market . . . . . . . . . . . . . . . . H-8
East Lansing/Okemos . . . . . . . . O-12 29 Michigan Supreme 6 Demmer Court Center . . . . . . . . . . . . . . . . . . . M-12 10 Lansing Community Colleges West
Lansing West . . . . . . . . . . . . . . . . . . . . B-7
OKEMOS RD. MERIDIAN RD.
Useful Links
City of Lansing https://www.lansingmi.gov Recreation
Metro Lansing Region Overview http://downtownlansing.org City of East Lansing https://www.cityofeastlansing.com
Old Town District http://iloveoldtown.org
Healthcare: Eastwood Towne Center http://www.shopeastwoodtownecenter.com
Sparrow Hospital http://www.sparrow.org Common Ground Music Festival http://www.commongroundfest.com
McLaren Hospital http://www.mclaren.org Arts Night Out http://myartsnightout.com
MSU HealthTeam https://www.healthteam.msu.edu Lansing Lugnuts http://www.milb.com/
Education Lansing Brewing Company http://www.lansingbrewingcompany.com
Michigan State University https://msu.edu Silver Bells in the City http://www.silverbellsinthecity.org
Lansing Community College http://www.lcc.edu Greater Lansing Convention & Visitors Bureau
Western Michigan University Cooley Law School Map & Accommodations http://www.lansing.org
http://www.cooley.edu
Davenport College http://davenport.edu Public Transportation
Great Lakes Christian College https://www.glcc.edu Capital Area Transportation Authority (CATA) https://www.cata.org
http://lansingcityhallredevelopment.com
: : Stephen J. Hershfield
Associate | Corporate Services
+1 517 319 9223
stephen.hershfield@cbre-martin.com
IG
C
H
E
AP I
C
IT O ,M
L :: L A N S I N G
Capitol
Vista Plaza
VISITOR MAP
J & K Steamboat Line . . . . . . . . . . F-9
1 Americas Best Value Inn . . . . . . . . . . I-13
16 Harris Nature Center . . . . . . . . . . . . . . R-11
2 Candlewood Suites . . . . . . . . . . . . . . . . K-10
17 Hawk Island Park . . . . . . . . . . . . . . . . . . . I-11
3 Causeway Bay Hotel . . . . . . . . . . . . . . . I-14
18 IMAX at Celebration! Cinema . . . . . I-13
4 Comfort Inn Lansing . . . . . . . . . . . . . . . B-8
19 Impression 5 Science Center . . . . . H-8
Greater Lansing, Michigan 5 Comfort Inn Okemos . . . . . . . . . . . . . . P-12
6 Comfort Inn & Suites
20 Ingham County Courthouse . . . . . . J-14
21 Ingham County Fairgrounds . . . . . . K-14
Dimondale/Lansing . . . . . . . . . . . C-12
Greater Lansing Convention & Visitors Bureau 500 E. Michigan Ave., Suite 180, Lansing, MI 48912 Phone: (517) 487-6800 (888) 2-LANSING (526746) FAX: (517) 487-5151 www.lansing.org E-mail: glcvb-info@lansing.org 22 Lake Lansing Park North . . . . . . . . . . Q-5
7 Country Inn and Suites. . . . . . . . . . . . . C-9
23 Lake Lansing Park South . . . . . . . . . Q-6
8 Courtyard by MarriottLansing . . . K-6
A B C D E F G H I J K L M N O P Q R S 9 Crowne Plaza Lansing West. . . . . . . C-9
24 Le Chat Gourmet . . . . . . . . . . . . . . . . . . F-14
25 Malcolm X Homesite . . . . . . . . . . . . . . H-11
10 East Lansing Marriott
at University Place . . . . . . . . . . . . . . L-8 26 Meridian Historical Village . . . . . . . . . P-8
CHANDLER RD.
TO THE CITY OF DEWITT TO THE CITY OF ST. JOHNS
MAP KEY 11 East Lansing Super 8 . . . . . . . . . . . . . . N-8 27 Michigan Energy Options . . . . . . . . . M-8
1 32
45 38
SLEEPY HOLLOW
STATE PARK
THE EMERALD
GOLF CLUB
1 28 Michigan Historical Center . . . . . . . . H-8
12 Fairfield Inn
ACCOMMODATIONS GOLF COURSES TRANSPORTATION East Lansing/Okemos . . . . . . . . O-12 29 Michigan Supreme Court
CLARK RD. EXIT 87 ATTRACTIONS HOSPITALS OTHER 13 Fairfield InnWest . . . . . . . . . . . . . . . . . . B-7 Learning Center . . . . . . . . . . . . . . . . . G-8
TO THE CITY OF CLARK RD.
EXIT 85 CAMPGROUNDS 30 Michigan Womens Museum
GRAND RAPIDS LANSINGS RIVER TRAIL 14 Fairfield Inn & Suites
EXIT 84 & Hall of Fame . . . . . . . . . . . . . . . . . . H-9
2 EXIT 90 EVENT FACILITIES SHOPPING 2 Eastwood Towne Center . . . . . . . J-5
S. DEWITT RD.
69 BUS. EXIT 89
15 Hampton Inn East Lansing . . . . . K-6 31 NCG Eastwood Cinema . . . . . . . . . . . . J-6
27 WOODSIDE TO OWOSSO
32 Nokomis Learning Center. . . . . . . . . . P-8
16 Hampton Inn and Suites
FRANCIS RD.
GOLF CLUB
40
STOLL RD.
69 EXIT 92
Okemos . . . . . . . . . . . . . . . . . . . . . . . . O-11 33 R. E. Olds Transportation
HAWK HOLLOW
17 Hampton Inn and Suites Museum . . . . . . . . . . . . . . . . . . . . . . . . . H-8
7 GOLF COURSE
Lansing West . . . . . . . . . . . . . . . . . . . . B-6
3 AND
LITTLE HAWK 3 34 Potter Park Zoo . . . . . . . . . . . . . . . . . . . . . . I-9
AT HAWK HOLLOW 18 Holiday Inn Express & Suites 35 Royal Scot Golf & Bowl . . . . . . . . . . . . E-4
AIRPORT RD.
CHANDLER RD.
RIVER GOLF AND BOWL Beatles Collection. . . . . . . . . . . . . . B-13
AVE.
N. EAST ST.
TIMBER RIDGE
21 Howard Johnson Inn . . . . . . . . . . . . . . . K-9
D.
EXIT 91 BUS. 22 FALCON AT GOLF CLUB 39 State Capitol Building . . . . . . . . . . . . . . H-8
ER
35
96 HAWK HOLLOW
22 Hyatt PlaceLansing/
AK
40 The Steam Railroading
WOOD ST.
L
CAPITAL REGION 14 COLEMAN RD. Eastwood Towne Center . . . . . . . J-5
RK
INTERNATIONAL AIRPORT Museum . . . . . . . . . . . . . . . . . . . . . . . . . S-3
PA
5 MLK JR. BLVD. SHERIDAN RD. BUS.
69
5 23 Kellogg Hotel and Conference
CenterMSU . . . . . . . . . . . . . . . . . . . . L-8
41 Studio C! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . P-9
GRA 31
22 42 Suburban Ice . . . . . . . . . . . . . . . . . . . . . . . . N-9
WAVERLY RD.
ND R 3
IVER 24 Motel 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B-7
RSH RD.
AVE
BUS. 22 . 43 Sundance Riding Stables . . . . . . . . . . A-6
. 27 2 19
16 5 7 ST 25 Quality Suites Hotel. . . . . . . . . . . . . . . . . B-7
ING RD. 6 44 Turner-Dodge House . . . . . . . . . . . . . . . H-6
W
NS LAKE
INA
TO THE CITY OF 26 Radisson Hotel Lansing
MA
GRAND LEDGE LA 8 LANSING 45 Uncle Johns Cider Mill. . . . . . . . . . . . . . I-1
SAG
HARRISON RD.
6 WILLOW HWY. BUS.
LA
KE LAKE LANSING RD. 23 6 at the Capitol . . . . . . . . . . . . . . . . . . . . H-8
ER 96 27 Ramada Lansing Hotel and
46 Woldumar Nature Center . . . . . . . . D-11
ABBOT RD.
13 43 DELTA COMMERCE DR. GR AN D RIV
44 47 Zap Zone . . . . . . . . . . . . . . . . . . . . . . . . . . . . D-7
CANAL RD.
HASLETT RD.
7 EXIT 93A29 13 4
47 14 OAKL AND A
VE.
36 7 30 Residence Inn by Marriott
1 East Lansing Shopping . . . . . . . . . . . M-8
24 SAGINAW HWY. 35 EAST LANSING East Lansng . . . . . . . . . . . . . . . . . . . . . B-7 2 Eastwood Towne Center . . . . . . . . . . . J-6
43
OAKLAND AVE.
4 (SEE DETAILED MAP ON REVERSE SIDE)
MERIDIAN RD.
9 4 4 Lansing Mall. . . . . . . . . . . . . . . . . . . . . . . . . C-7
OKEMOS RD.
CREYTS RD.
10
WAVERLY RD.
HOSPITAL CAMPUS
33 39 26
E. W. SPARROW
4 DELTA TOWNSHIP 29
19 HOSPITAL CAMPUS 1 39
28 127 GRA 32 32 Sleep Inn of DeWitt . . . . . . . . . . . . . . . . . H-1 5 Lansing Shopping District . . . . . . . . . H-7
RD.
(SEE DETAILED MAP ON REVERSE SIDE)
23 ND R
8 96
33 MICHIGAN AVE. IVER
AVE. 11 26 MERIDIAN TOWNSHIP 8 33 SpringHill Suites . . . . . . . . . . . . . . . . . . . . A-8 6 Mason Area Merchants . . . . . . . . . . . J-14
RSH
8
EXIT 4 EXIT 7
ST. JOSEPH HWY. EXIT 8 11 41 34 Staybridge Suites . . . . . . . . . . . . . . . . . O-11 7 Mega Mall . . . . . . . . . . . . . . . . . . . . . . . . . . . . I-3
MA
3 12 RED R I V ER
7 9 EXIT 3 15
30 496 C E DA R
35 TownePlace Suites . . . . . . . . . . . . . . . . . N-9 8 Meridian Mall . . . . . . . . . . . . . . . . . . . . . . . P-9
8
EXIT 95 EXIT 5 21 TROWBRIDGE RD. 42 36 University Quality Inn . . . . . . . . . . . . . . . K-7 9 Old Town Historic District . . . . . . . . . . H-7
DOWNTONW
DOWNTOWN LANSING 34 13
9 496 GRA
N D RI V
ER
(SEE DETAILED MAP ON REVERSE SIDE)
EXIT 9 35 30 GRAND 9 Bed & Breakfast / Motels
10 Tanger Outlet Center
MSU CAMPUS HANNAH BLVD. RIVER Kensington Valley . . . . . . . . . . . . . . S-13
EXIT 1
10 RE D GREYHOUND/ (SEE DETAILED MAP ON REVERSE SIDE) AVE.
C E D A R R I V ER
AMTRAK OKEMOS 35 Cozy Koi Bed & Breakfast . . . . . . . . . H-7 11 Williamston Area Merchants . . . . . S-10
KING JR. RD.
HAGADORN RD.
GREATER LANSING 2 FOREST AKERS RE
D 37 The Legend Inn . . . . . . . . . . . . . . . . . . . . E-14
BROOKSHIRE INN
PENNSYLVANIA CAMPUS GOLF COURSE
10 7 40 11 & GOLF CLUB
10 38 St. Johns Motel . . . . . . . . . . . . . . . . . . . . . J-1 1 Aim High/The Summit
CE
SYCAMORE
PENNSYLVANIA AVE.
DA
CEDAR ST.
MERIDIAN RD.
MCLAREN
OKEMOS RD.
GOLF CENTER Sports & Ice Complex . . . . . . . . . B-12
RR
GREATER LANSING ER 39 Wild Goose Inn . . . . . . . . . . . . . . . . . . . . . M-8
.
AURELIUS RD.
RD
IV
GREENLAWN CAMPUS 16 2 Alliance Lake Softball Complex . C-14
CANAL RD..
496
CREYTS RD.
IN
HOLMES RD.
69
.
NS
36
LA
Attractions
IN
COLLEGE RD.
CAVANAUGH RD.
MARTIN LUTHER
GM DELTA
WAVERLY RD.
11
LA
E 28
R
OL
34 16 Mason . . . . . . . . . . . . . . . . . . . . . . . . . . . K-14
18 JOLLY RD. JOLLY RD. JOLLY RD. 7 The James B. Henry Center
6 TO THE CITY OF 3 City Limits Bowling Center
1
LANSING
127 6 14 12 20 5
DETROIT East Lansing. . . . . . . . . . . . . . . . . . . . O-6 for Executive Development . . . K-10
12 12
S. WASHINGTON RD.
CAMPGROUND
EXIT 98B
99 96 5 Country Mill . . . . . . . . . . . . . . . . . . . . . . . . A-14 9 Lansing Center. . . . . . . . . . . . . . . . . . . . . . H-8
HAGADORN RD.
CEDA
TORONTO
EXIT 104 13 Wharton Center
BISHOP HWY. GRAND
RAPIDS 10 EDRU Skate*A*Rama. . . . . . . . . . . . . . . I-14
TO THE CITY OF TO THE CITY OF TO THE CITY OF LANSING FLINT
BUFFALO
for Performing Arts ................. M9
CHARLOTTE POTTERVILLE EATON RAPIDS 3 WILLOUGHBY RD. 11 Eli & Edythe Broad
DETROIT 14 West Side Park & Ball Field . . . . . . . G-7
TO HOLT TO THE CITY OF MASON
14
69 5 8 9 2 24 CHISHOLM HILLS 127 TO THE VILLAGE OF CHICAGO 14 Art Museum . . . . . . . . . . . . . . . . . . . . M-8
15 Hope Sports Complex . . . . . . . . . . . . . J-13
36 10 2 20 21 TOLEDO
12 Fenner Nature Center . . . . . . . . . . . . . J-10
37 GOLF CLUB EL DORADO 6 IRONWOOD LINKS 11 BROOKLYN FORT WAYNE CLEVELAND
GOLF COURSE GOLF COURSE
COLUMBUS
PITTSBURGH
13 FunTyme Adventure Park Greater Lansing Visitor
Grand Ledge . . . . . . . . . . . . . . . . . . . . A-6 CenterLansing . . . . . . . . . . . . I-8
A B C D E F G H I J K L M N O P Q R S 14 FunTyme Adventure Park Greater Lansing Visitor
Okemos . . . . . . . . . . . . . . . . . . . . . . . . N-12 CenterEast Lansing . . . M-8
MARKETVIEW
45%
40%
38.5%
35%
30%
25%
17.5% 17.6%
20%
16.3% 16.6%
15%
12.2%
10%
5%
0%
CBD East North South West Mkt Avg
Source: CBRE Research, H2 2016.
M A R K ET C O M POS IT ION
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.
NATIONAL SNAPSHOT
V A C A NC I ES
45%
40% 38.5%
35%
30%
25%
16.6% 17.5% 17.6%
20%
16.3% 12.2%
15%
10%
5%
0%
CBD East North South West Mkt Avg
H2 2015 H1 2016 H2 2016
A B S O RPTI ON
4%
3% 2.4%
1.7%
2%
0.5% 0.5% 0.6%
1%
0.1%
0%
(1)%
(2)%
(3)%
CBD East North South West Market
A S K I NG R E N TAL R A T E S
$30.00
$25.00
$20.00
$15.00
$10.00
$5.00
$0.00
Class A Class B Class C Class A Class B Class C
CBD Suburban
Disclaimer: Information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt its accuracy,
we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to confirm independently its accuracy and completeness.
This information is presented exclusively for use by CBRE clients and professionals and all rights to the material are reserved and cannot be reproduced without prior
written permission of CBRE.
MARKETVIEW
35%
29.0%
30%
25%
20% 17.9%
15.9%
15% 12.3%
11.2%
10%
5%
0%
East North South West Mkt Avg
Asking
Market H2 2016 Lease Rates
Rentable Area Market Share Vacant Vacancy Rate Net Absorption Completions ($/SF/Yr
Submarket (SF) (%) (SF) (%) (SF) (SF) NNN)
East 2,854,422 36.2 352,318 12.3 (16,791) 16,000 4.00-39.00
North 1,262,671 16.0 366,134 29.0 32,195 0 4.00-32.00
South 1,645,480 20.9 294,014 17.9 32,505 0 2.00-17.00
West 2,119,195 26.9 237,377 11.2 (28,242) 78,835 5.30-17.00
Market 7,881,768 100.0 1,249,843 15.9 19,667 94,835 2.00-32.00
N A T I ONA L S N A P S H OT
R E T A IL ER S O N T H E M O V E
M A R K ET G R O W TH
40%
35%
29.0%
V A C A NC I ES 30%
25%
20% 17.9%
12.3% 15.9%
15%
11.2%
10%
5%
0%
East North South West Mkt Avg
3.%
2.5%
2.0%
2.%
1.%
0.2%
0%
(0.6)%
(1)%
A B S O RPTI ON (1.3)%
(2)%
East North South West Market
Disclaimer: Information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt its accuracy,
we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to confirm independently its accuracy and completeness.
This information is presented exclusively for use by CBRE clients and professionals and all rights to the material are reserved and cannot be reproduced without prior
written permission of CBRE.