The typical asking rate per listing is in the $30's per square foot per year. The Downtown Lansing region is experiencing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 10% increase in rent.
In the last 90 days, 202 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Downtown Lansing are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,290 sqft. Most buildings in this region are close to 2 stories. Most buildings in this region were built in 1901 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Most of the folk of Downtown Lansing work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Lansing.
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