What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The East Lansing commercial real estate market incorporates 1,967,871 square feet of office space across 52 buildings. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The East Lansing commercial real estate market includes 990,575 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the East Lansing market, there is a total of 89,869 square feet of industrial property.

What types of commercial real estate are available in East Lansing, MI?

The largest share of commercial real estate space for lease in East Lansing is represented by Office space , which accounts for 276,729 square feet of available listings. Retail space available in East Lansing adds up to 65,798 square feet.

What factors affect the price of commercial real estate in East Lansing, MI?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What is the average rent for commercial space in East Lansing, MI?

The average rent for commercial real estate space listed for lease in East Lansing is $18.51 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in East Lansing can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

What are the best areas for commercial real estate in East Lansing, MI?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in East Lansing, depending on the property type you are interested in. Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $25 per square foot. In particular, the property type commanding the highest lease rates in East Lansing was Office space.

What is the average size of a commercial property in East Lansing, MI?

The average size of a commercial property in East Lansing depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: In East Lansing, the average size of an office property is 41,870 square feet. Retail properties here incorporate an average of 55,032 square feet. Industrial space in East Lansing is in buildings that are, on average 89,869 square feet in size.

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90 Commercial Real Estate Listings in East Lansing, MI

1504 E. Grand River

1504 E Grand River Ave, East Lansing, MI
For Lease

Contact for pricing
Property

Office

17,434 SF
Availability

1 Space

17,374 SF
Year Built

2000
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2035 W Lake Lansing Rd

2035 W Lake Lansing Rd, East Lansing, MI
For Lease

$14.50/SF/YR
Property

Office

7,500 SF
Availability

1 Space

665 SF
Year Built

1990
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221 W. Lake Lansing Rd, Suite 300

221 W. Lake Lansing Rd, Suite 300, East Lansing, MI
For Lease

$15.75/SF/YR
Property

Office

10,000 SF
Availability

1 Space

2,718 SF
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333 East Grand River
HQ
1760 Abbey Rd 2nd floor, East Lansing, MI
Services

Virtual Office

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Bike storage

Business lounge

Catering

Cleaning services

Complimentary coffee & tea

Free water

High-speed internet

High-speed wifi
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7733 E Saginaw St.

7733 E Saginaw St., East Lansing, MI
For Lease

Contact for pricing
Property

Retail
Availability

1 Space

1,525 SF
Year Built

2022
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Hillcrest Village

540 Glenmoor Rd, East Lansing, MI
For Sale

Contact for pricing
Property

Other

77,880 SF
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Briarwood Court

3496 E Lake Lansing Road, East Lansing, MI
For Lease

$16.00/SF/YR
Property

Office

13,156 SF
Availability

1 Space

2,978 SF
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Meridian Point - East Lansing

2655 E Grand River Ave, East Lansing, MI
For Lease

Contact for pricing
Property

Retail
Availability

1 Space

10,723 SF
Year Built

2001
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830 W. Lake Lansing Rd

830 W. Lake Lansing Rd, East Lansing, MI
For Lease

$15.00/SF/YR
Property

Office

24,870 SF
Availability

1 Space

22,722 SF
Year Built

2001
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University Place

333 Albert Avenue, East Lansing, MI
For Lease

$14.81 - $37.68/SF/YR
Property

Office

255,388 SF
Availability

7 Spaces

11,225 SF
Year Built

1987
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100 W Grand River Road

100 W Grand River Road, East Lansing, MI
For Lease

$35.00/SF/YR
Property

Office

2,930 SF
Availability

1 Space

2,930 SF
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Center City District

205 E. Grand River Avenue, East Lansing, MI
For Lease

Contact for pricing
Property

Retail

43,500 SF
Availability

1 Space

2,875 SF
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1,200 SF office space within Watertower Place in East Lansing

1690 Watertower Pl, East Lansing, MI
For Lease

Contact for pricing
Property

Office
Availability

1 Space

1,201 SF
Year Built

2008
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300 W Lake Lansing

300 W Lake Lansing, East Lansing, MI
For Lease

$15.00/SF/YR
Property

Office

8,800 SF
Availability

1 Space

8,800 SF
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High Exposure Retail/Office Space

903 E Grand River Ave, East Lansing, MI
For Lease

Contact for pricing
Property

Office
Availability

1 Space

1,702 SF
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1427 W Saginaw St

1427 W Saginaw St, East Lansing, MI
For Lease

$22.00/SF/YR
Property

Office

16,868 SF
Availability

2 Spaces

9,526 SF
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315 W Lake Lansing Rd

315 W Lake Lansing Rd, East Lansing, MI
For Lease

$15.00 - $24.56/SF/YR
Property

Office

7,500 SF
Availability

2 Spaces

813 SF
Year Built

2005
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Premier Development Opportunity- 6365 Newton Rd., East Lansing, MI

6365 Newton Rd., East Lansing, MI
For Sale

Contact for pricing
Property

Other
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New Retail Development - East Lansing

1601 W. Lake Lansing Road, East Lansing, MI
For Lease

Contact for pricing
Property

Retail

6,682 SF
Availability

1 Space

4,244 SF
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East State Road

East State Road, East Lansing, MI
For Sale

$430,000
Property

VacantLand
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Premier Development Opportunity- 6365 Newton Rd., East Lansing, MI

6365 Newton Rd., East Lansing, MI
For Lease

Contact for pricing
Property

Other
Availability

1 Space

22,000 SF
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New Retail Development - East Lansing

2731 East Grand River Avenue, East Lansing, MI
For Lease

Contact for pricing
Property

Retail

2,540 SF
Availability

1 Space

2,540 SF
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330 W Lake Lansing Rd

330 W Lake Lansing Rd, East Lansing, MI
For Lease

$20.00/SF/YR
Property

Office

12,180 SF
Availability

3 Spaces

2,197 SF
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136 Reniger Court

136 Reniger Court, East Lansing, MI
For Lease

$20.00 - $25.00/SF/YR
Property

Retail

92,600 SF
Availability

1 Space

4,309 SF
Year Built

1987
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For Lease | Former Tim Horton's

3992 Coleman Road | East Lansing, East Lansing, MI
For Lease

Contact for pricing
Property

Retail
Availability

1 Space

1,830 SF
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Coolidge Court Shopping Center

2200 Coolidge Rd, East Lansing, MI
For Lease

$18.00/SF/YR
Property

Retail

23,445 SF
Availability

1 Space

5,409 SF
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