2023 Office Space Rent & Sales
- $19.54 2023 Avg. Asking Rent
- 1.70% Y-o-Y Avg. Asking Rent Change
- 25.36% 2023 Office Vacancy Rate
Lansing office price per square foot in 2023 was $19.54 on average. This marked a +1.70% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 25.36% 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
Lansing, MI Office Asking Rents by Class
Office Spaces for Rent in Michigan
Coworking Spaces in Michigan
- New York City Coworking Space
- Manhattan Coworking Space
- Chicago Coworking Space
- Washington Coworking Space
- Brooklyn Coworking Space
- Philadelphia Coworking Space
- Indianapolis Coworking Space
- Cincinnati Coworking Space
- Columbus Coworking Space
- Pittsburgh Coworking Space
- Alexandria Coworking Space
- Detroit Coworking Space
- Louisville Coworking Space
- Jersey City Coworking Space
- Milwaukee Coworking Space
- Cleveland Coworking Space
- Queens Coworking Space
- Richmond Coworking Space
- Grand Rapids Coworking Space
- Ann Arbor Coworking Space
- Madison Coworking Space
2023 Office Construction in Lansing, MI
| Office building | Address | SF | Completed |
|---|---|---|---|
| 3165 East Michigan Avenue | 3165 East Michigan Avenue, 48912 | 304,110 | 2017 |
| 2720 S. Washington Ave | 2720 S. Washington Ave, 48910 | 20,050 | 2006 |
| 826 Municipal Way | 826 Municipal Way, 48917 | 11,649 | 2005 |
| Maurer's Mall | 2824 E Grand River Ave, 48912 | 13,761 | 2003 |
| 5236 Dumond CT | 5236 Dumond CT, 48917 | 10,188 | 2003 |
| Marketplace Office Park | 8158 Executive Ct, 48917 | 6,137 | 2003 |
| 8164 Executive Ct | 8164 Executive Ct, 48917 | 13,360 | 2002 |
| 1044 Eastbury Dr | 1044 Eastbury Dr, 48917 | 29,768 | 2001 |
| 1044 Eastbury Dr | 1044 Eastbury Dr, 48917 | 29,768 | 2001 |
| 6709 Centurion Dr | 6709 Centurion Dr, 48917 | 15,832 | 2001 |
Worth noting among recent office completions on the Lansing market is 3165 East Michigan Avenue, which is currently the largest new office development in the city, at 304,110 square feet.
See reports for other markets
- Ann Arbor Office Rent Price
- Detroit Office Rent Price
- Southfield Office Rent Price
- Troy Office Rent Price
- Grand Rapids Office Rent Price
- Farmington Hills Office Rent Price
- Livonia Office Rent Price
- Novi Office Rent Price
- East Lansing Office Rent Price
- San Francisco Office Rent Price
- Charlotte Office Rent Price
- Washington Office Rent Price
- Chicago Office Rent Price
- Manhattan Office Rent Price
- Phoenix Office Rent Price
- Seattle Office Rent Price
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 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.