Medical marijuana hopefuls tie-up buildings throughout Lansing
•Several local municipalities have passed ordinances allowing medical marijuana uses; most have not.
•Medical marijuana hopefuls tie-up properties throughout the area via options to purchase and lease, awaiting license approval.
•Sale prices of single-user buildings soar to accommodate medical marijuana use.
•Leasable market shrinks as buildings sell; no speculative construction underway to date.
•Viable options for new and expanding industrial users continues to shrink, driving up asking rental rates and forcing users to become more efficient in their space.
•Continued demand and insufficient inventory of space has prompted land sales for build-to-suit development.