Downtown Lansing Sublease

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Downtown Lansing

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,560
As of: June 22, 2017

Downtown Lansing Rates

On average, listings lease in the $20's per square foot per year. The Downtown Lansing submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $24 per sqft per year.

Downtown Lansing Listing Supply

In the last 90 days, 18 listings have been made available, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 122% of the available space in the Downtown Lansing are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,560 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 2 floors. 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