On average, listings lease in the $20's per square foot per year. The Lansing submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 24% decrease in rent.
In the last 90 days, 750 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the available leases in the 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 2,490 sqft. Most properties in this region are approximately 1 floors. Most buildings in this area were built in 1907 and are Class B.
Real time and historical data on commercial real estate listings in Lansing.
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