Downtown Lansing Office Space

Downtown Lansing

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
1,080
As of: August 20, 2017

Downtown Lansing Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Lansing submarket is going through a a rise in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 17% rise in rent.

Downtown Lansing Listing Supply

In the last 90 days, 18 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 67% of the available leases in the Downtown Lansing are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,080 sqft. Most properties in this area are close to 2 stories. Most buildings in this market were built in 1901 and are Class B.

Downtown Lansing Community

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 occupants 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.

Market Report

Trends and status of the commercial real estate market in Downtown Lansing.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Lansing.
Research