On average, listings lease in the $20's per square foot per year. The Downtown Lansing region is experiencing a a rise in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 14% increase in rent.
In the last 90 days, 18 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 7,790 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this region were built in 1899 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 area. 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.