On average, listings lease in the $20's per square foot per year. The Downtown Lansing submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 17% increase in rent.
In the last 90 days, 18 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 122% of the available space in the Downtown Lansing are subleases, so you might be able to snag a great spot on a short term. 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 area are around 2 stories. Most buildings in this area were built in 1901 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 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.