The typical asking rate per listing is in the $20's per square foot per year. The Downtown Lansing region is experiencing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 24% increase in rent.
In the last 90 days, 10 listings have been listed, which means new availabilities most likley are 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 available, 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 buildings in this market are around 2 stories. Most buildings in this region were built in 1898 and are Class 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 market. Most of the residents 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.