Akervall Technologies, Inc.

The Ann Arbor and Saline flex and industrial market is widely regarded as one of the most stable and supply-constrained submarkets in Southeast Michigan. Driven by a diverse economic base anchored by technology, advanced manufacturing, life sciences, healthcare, and research and development, the region has consistently attracted a broad range of industrial and flex space users seeking access to a highly educated workforce and premier transportation infrastructure. Unlike many traditional industrial markets that rely heavily on warehousing and distribution demand, the Ann Arbor and Saline market is distinguished by its concentration of flex, research and development (R&D), light manufacturing, engineering, and technology-oriented facilities. The presence of the University of Michigan has fostered a thriving innovation ecosystem that supports startup companies, established technology firms, medical device manufacturers, automotive research organizations, and advanced engineering users. As a result, flex properties in the market often command strong tenant demand due to their ability to accommodate office, laboratory, assembly, and light manufacturing functions within a single facility. The market benefits from strategic connectivity via Interstate 94 and U.S. Route 23, providing efficient access to Detroit, Detroit Metropolitan Airport, and major Midwest transportation networks. This accessibility, combined with proximity to one of the nation's most educated labor pools, has made the area particularly attractive to users in the mobility technology, aerospace, robotics, electronics, healthcare, and professional services sectors. Saline serves as a natural extension of the Ann Arbor industrial market, offering businesses access to the same labor advantages while benefiting from lower occupancy costs and additional opportunities for expansion. The city has experienced continued investment from manufacturing and technology companies seeking modern industrial and flex space in a business-friendly environment. Well-established industrial parks and limited available inventory have helped support healthy occupancy levels and long-term tenant retention throughout the market. Flex and industrial properties in the region have demonstrated resilience through various economic cycles due to the market's diversified tenant base and limited speculative development. New construction remains relatively constrained by land availability, entitlement challenges, and rising development costs, helping preserve strong market fundamentals and supporting long-term rent growth. As companies increasingly seek facilities that can accommodate hybrid office, engineering, research, and production functions, demand for quality flex and industrial assets throughout Ann Arbor and Saline is expected to remain strong. Supported by world-class educational institutions, a highly skilled workforce, and a growing innovation economy, the Ann Arbor and Saline flex and industrial market remains one of Michigan's premier destinations for advanced manufacturing, technology, and research-oriented occupiers, positioning the area for continued investment and sustained demand well into the future..