BENTON HARBOR, Mich., (June 28, 2023) – Cornerstone Alliance has commissioned an Industrial Lease Rate Analysis to better inform real estate owners and investors throughout Southwest Michigan. The Industrial Lease Rate Analysis includes an in-depth examination of rates, trends, and market conditions across various Berrien County submarkets, and is available online on the Cornerstone Alliance website: www.cstonealliance.org/
Cornerstone Alliance partnered with Colliers International, a global real estate services company, to conduct the analysis. It provides accurate, up-to-date information to assist local businesses, new site developers, and business investors make informed decisions concerning their industrial real estate needs.
This comprehensive and current analysis also aids stakeholders when evaluating market opportunities, negotiating leases, and positioning businesses strategically.
“Ford and General Motors have recently made major announcements with intent to open new manufacturing facilities in Michigan and Northern Indiana to service the electric vehicle market, said Billy Powers, Associate Vice President at Colliers International. “These facilities will require millions of square feet of additional industrial space for their OEMs (original equipment manufacturers) and other partners that will supply parts into these facilities.”
“There is always uncertainty about future growth and economic trends. However, Berrien County’s logistical advantages, and the affordability of available land in the area, are reasons to be optimistic there will be ongoing demand for industrial space in Berrien County,” added Rob Cleveland, President of Cornerstone Alliance. “Cornerstone Alliance is actively working with area builders and developers to add new, modern industrial space in Southwest Michigan.”
Cornerstone Alliance and Colliers International anticipated that the Industrial Lease Rate Analysis would serve as a catalyst for attracting new businesses, expanding existing businesses, and bolstering the overall industrial real estate market in Berrien County. By equipping stakeholders with reliable data and analysis, this collaboration aimed to create an environment conducive to sustainable economic growth and prosperity.
“This is valuable information for any company or individual that owns or leases industrial real estate in Berrien County. The below-market lease rates make Berrien County the premier location in Southwest Michigan for a company to relocate,” said Cleveland.
To access the Berrien County Industrial Lease Rate Analysis, visit www.cstonealliance.org/