2024 Office Space Rent & Sales
- $18.74 2024 Avg. Asking Rent
- -4.09% Y-o-Y Avg. Asking Rent Change
- 24.03% 2024 Office Vacancy Rate
Lansing office price per square foot in 2024 was $18.74 on average. This marked a -4.09% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 24.03% 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
2024 Average Office Rent per Square Foot
- Michigan Class A & A+ Office Space$23.20
- Michigan Class B Office Space$21.30
- Michigan Class C Office Space$15.30
Lansing, MI Office Asking Rents by Class
Office Spaces for Rent in Michigan
Coworking Spaces in Michigan
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2024 Office Construction in Lansing, MI
| Office building | Address | SF | Completed |
|---|---|---|---|
| 3165 East Michigan Avenue | 3165 East Michigan Avenue, 48912 | 304,110 | 2017 |
| Genesis Medical Park - 3960 Patient Care Drive | 3960 Patient Care Drive, 48911 | 40,285 | 2003 |
| 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 |
| 4086 Legacy Pkwy | 4086 Legacy Pkwy, 48911 | 14,400 | 2002 |
| 4086 Legacy Pkwy | 4086 Legacy Pkwy, 48911 | 14,400 | 2002 |
| 8164 Executive Ct | 8164 Executive Ct, 48917 | 13,360 | 2002 |
| 1044 Eastbury Drive | 1044 Eastbury Drive, 48917 | 29,768 | 2001 |
| 1044 Eastbury Dr | 1044 Eastbury Dr, 48917 | 29,768 | 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
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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. 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.