2023 Office Space Rent & Sales
- $20.68 2023 Avg. Asking Rent
- 23.36% 2023 Office Vacancy Rate
East Lansing office price per square foot in 2023 was $20.68 on average. The local office market recorded an average vacancy rate of 23.36% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Michigan Class A & A+ Office Space$22.86
- Michigan Class B Office Space$21.46
- Michigan Class C Office Space$21.50
East Lansing, MI Office Asking Rents by Class
Office Spaces for Rent in Michigan
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2023 Office Construction in East Lansing, MI
- East Lansing, MI Total SF completed in 2023 82,822
During 2023, 82,822 square feet of new office space were delivered across the market. At the close of 2023, the East Lansing office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 82,822 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| The Abbot | 100 W Grand River Road, 48823 | 58,254 | 2020 |
| 1,582 SF Office Condo Available within East Lansing Office Corridor | 1690 Watertower Pl, 48823 | 14,452 | 2008 |
| 2900 West Road | 2900 West Road, 48823 | 49,379 | 2005 |
| 3515 Coolidge Rd | 3515 Coolidge Rd, 48823 | 14,642 | 2005 |
| 315 W Lake Lansing Rd | 315 W Lake Lansing Rd, 48823 | 7,500 | 2005 |
| Premier Office Space Available - 13,144 SF For Sale & 7,004 SF For Lease | 3495 Coolidge Rd, 48823 | 13,144 | 2002 |
| Park Place Office Park - 3100 West Road | 3100 West Road, 48823 | 107,752 | 2000 |
| 780 W Lake Lansing Rd | 780 W Lake Lansing Rd, 48823 | 19,000 | 2000 |
| 1504 E Grand River Ave | 1504 E Grand River Ave, 48823 | 17,434 | 2000 |
| 1504 E. Grand River | 1504 E Grand River Ave, 48823 | 17,434 | 2000 |
Worth noting among recent office completions on the East Lansing market is The Abbot, which is currently the largest new office development in the city, at 58,254 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all East Lansing commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.