On average, listings lease in the $10's per square foot per year. The Lansing submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 33% decline in rent.
In the last 90 days, 750 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the listings in the Lansing are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,140 sqft. Most properties in this region are approximately 1 stories. Most buildings in this market were built in 1907 and are Class B.
Real time and historical data on commercial real estate listings in Lansing.
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