Downtown Lansing Retail

Downtown Lansing

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
3,000
As of: May 19, 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 seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 8% decline in rent.

Downtown Lansing Listing Supply

In the last 90 days, 18 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this region were built in 1899 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