On average, listings lease 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 went up $4 per sqft per year. That's a 17% rise in rent.
In the last 90 days, 18 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 117% of the office spaces 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,310 sqft. Most properties in this market are approximately 2 stories. Most buildings in this area were built in 1900 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 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.