DOWNTOWN LANSING

MARKETSNAPSHOT

Population

Median Age

2022 Projection

2017 Estimate

10 minutes

1,695

5 minutes3 minutes

34.1

109,414

107,647

31.4

13,997

13,706

29.9

1,773

Workplace Market

Employees

Daytime Population

10 minutes

26,931

5 minutes3 minutes

104,734

162,694

47,783

55,247

26,140

2017 Population

Female

Male

10 minutes

884

5 minutes3 minutes

54,315

51,986

6,332

7,077

697

Households

2022 Projection

2017 Estimate

10 minutes

1,113

5 minutes3 minutes

45,076

43,388

6,599

6,420

1,167

Change (%) 3.9%2.8%4.8%Source: ESRI Market Profile

Drive Time Market

The daytime population within a 3 minute commute to downtown

increases by 1588.8%

Michigan Main Street

michigan main street 2017–2018 annual report

2017–18 VOLUNTEER HOURS: 2,354Program to date: 12,889

2017–18 FAÇADE IMPROVEMENTS: 3Program to date: 36

2017–18 NEW BUSINESSES: 6Program to date: 65

POPULATION (2010 Census): 114,297

2017–18 PRIVATE INVESTMENT: $10,730,075Program to date: $85,110,689

Master Level | designation year: 2013

DOWNTOWN LANSING

Source: Michigan Main Street 2017-2018 Annual Report3 Minute Drive Time

10 Minute Drive Time

5 Minute Drive Time

2017 Estimated Retail Sales

Food & Drink

Retail Trade

Total

10 minutes$23,152,569

5 minutes3 minutes

$112,295,820

$1,062,700,626

$1,174,996,446

$12,416,078

$115,576,184

$127,992,262

$2,299,577

$20,852,892

Employment Industry Top 6 Sectors

Services

Professional

White Collar

10 minutes

65.9%

5 minutes3 minutes

23.5%

24.4%

59.0%

28.0%

18.7%

52.5%

19.7%

20.1%

Admin Support

Sales 19.0%

14.5%

9.2%

12.0%

11.2%

17.2%

Blue Collar 17.5%19.5%13.8%

Population 25+ Education Attainment

Associates Degree

Some College

Bachelor’s Degree

10 minutes

27.2%

5 minutes3 minutes

9.6%

25.2%

19.8%

7.5%

28.2%

19.2%

9.6%

23.0%

Total Some College and/or Degree

Graduate Degree 13.0%

68.6%

14.0%

63.8%

8.9%

72.8%

DOWNTOWN LANSING

MARKETSNAPSHOT

Workplace Market - An Attractive & Captive Market

Retail Sales

Source: ESRI Market Profile

Source: ESRI Market Profile

Daytime population data and trends illustrate positive employment migration patterns and a sizable, captive market for

current and future businesses.

Gifts & Souvenirs/Visitors Store

Full Service Restaurant

Specialty Grocer/Deli

Most Desired Businesses

11.4% of Downtown Survey Respondents

13.6% of Downtown Survey Respondents

44.6% of Downtown Survey Respondents

The above information is according to a top prospects survey of the Downtown Lansing population conducted in September 2017 by Downtown Professionals Network.

78% of survey respondents were between the ages of 25-54.

Business Potential