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 Okemos commercial real estate market incorporates 1,165,560 square feet of office space across 47 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 Okemos commercial real estate market includes 2,362,093 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 Okemos market, there is a total of 137,343 square feet of industrial property.

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

The largest share of commercial real estate space for lease in Okemos is represented by Office space , which accounts for 226,316 square feet of available listings. Industrial space available in Okemos adds up to 108,344 square feet.

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

The average rent for commercial real estate space listed for lease in Okemos is $15.11 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 Okemos 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 Okemos, 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 Okemos, 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 $18 per square foot. In particular, the property type commanding the highest lease rates in Okemos was Office space.

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

The average size of a commercial property in Okemos 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 Okemos, the average size of an office property is 26,490 square feet. Retail properties here incorporate an average of 138,947 square feet. Industrial space in Okemos is in buildings that are, on average 27,469 square feet in size.

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75 Commercial Real Estate Listings in Okemos, MI

4125 Okemos Road, Unit 22

4125 Okemos Road, Unit 22, Okemos, MI
For Lease

$15.75/SF/YR
Property

Office

912 SF
Availability

1 Space

912 SF
Year Built

1984
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Meridian Crossings

3552 Meridian Crossings Drive, Okemos, MI
For Lease

$16.00/SF/YR
Property

Retail

20,802 SF
Availability

5 Spaces

10,147 SF
Year Built

1998
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The Woodlands

2379 Woodlake Dr, Okemos, MI
For Lease

$15.00/SF/YR
Property

Office

14,115 SF
Availability

1 Space

2,036 SF
Year Built

1995
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2947 Jolly Road

2947 Jolly Road, Okemos, MI
For Lease

$15.00/SF/YR
Property

Industrial

3,840 SF
Availability

1 Space

2,000 SF
Year Built

1991
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University Commerce Park

2145 University Park Dr, Okemos, MI
For Lease

$15.00/SF/YR
Property

Office

14,137 SF
Availability

8 Spaces

7,434 SF
Year Built

1995
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2145 University Park Dr

2145 University Park Dr, Okemos, MI
For Lease

$15.00/SF/YR
Property

Office

15,350 SF
Availability

7 Spaces

6,737 SF
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The Woodlands

2365 Woodlake Dr, Okemos, MI
For Lease

$15.00/SF/YR
Property

Office

14,490 SF
Availability

1 Space

14,490 SF
Year Built

1996
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The Woodlands

2479 Woodlake Circle, Okemos, MI
For Lease

$15.00/SF/YR
Property

Office

5,741 SF
Availability

1 Space

5,741 SF
Year Built

1995
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2150 Association Dr

2150 Association Dr, Okemos, MI
For Lease

$14.75/SF/YR
Property

Office

21,772 SF
Availability

1 Space

2,775 SF
Year Built

2005
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University Commerce Park

2121 University Park Dr, Okemos, MI
For Lease

$15.00/SF/YR
Property

Office

13,650 SF
Availability

3 Spaces

4,703 SF
Year Built

1995
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The Woodlands

2410 Woodlake Dr., Okemos, MI
For Lease

$15.00/SF/YR
Property

Office

2,130 SF
Availability

1 Space

2,130 SF
Year Built

1993
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4440 Hagadorn Rd

4440 Hagadorn Rd, Okemos, MI
For Lease

$15.00/SF/YR
Property

Industrial

37,996 SF
Availability

1 Space

17,701 SF
Year Built

1996
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The Woodlands - 2390

2390 Woodlake Dr, Okemos, MI
For Lease

$15.00/SF/YR
Property

Office

9,157 SF
Availability

3 Spaces

7,428 SF
Year Built

1993
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1754 Central Park Drive

1754 Central Park Drive, Okemos, MI
For Lease

$14.00/SF/YR
Property

Retail

18,800 SF
Availability

2 Spaces

2,957 SF
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The Woodlands

2405 Woodlake Dr, Okemos, MI
For Lease

$15.00/SF/YR
Property

Office

21,204 SF
Availability

1 Space

21,204 SF
Year Built

1991
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Multiple Office Suites Available For Lease| Okemos, MI

2390 Woodlake Dr, Okemos, Alaiedon Township, MI
For Lease

Contact for pricing
Property

Office
Availability

1 Space

4,386 SF
Year Built

1993
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Coyote Creek

3681 Okemos Rd, Okemos, MI
For Lease

$15.00/SF/YR
Property

Office

3,040 SF
Availability

1 Space

2,122 SF
Year Built

2000
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Fountain Pointe Office Park

0.835 - 22 Acres, Atrium Drive, Okemos, MI
For Sale

$4,791,600
Property

VacantLand
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3461 Woods Edge Dr

3461 Woods Edge Dr, Okemos, Alaiedon Township, MI
For Sale

$740,000
Property

VacantLand
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Woodland Square

2311 Jolly Road, Okemos, MI
For Lease

Contact for pricing
Property

Retail
Availability

1 Space

4,600 SF
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2398 Jolly Rd., Okemos, MI 48864

2398 Jolly Road, Okemos, MI
For Lease

Contact for pricing
Property

Retail
Availability

1 Space

2,202 SF
Year Built

2001
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Professional Office Space for Lease - 2422 Jolly Rd., Okemos, MI

2422 Jolly Road, Okemos, MI
For Lease

Contact for pricing
Property

Office
Availability

1 Space

2,556 SF
Year Built

2001
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The Plaza at Okemos 4738-4750 Central Park Drive.

4750 Central Park Dr, Okemos, MI
For Lease

Contact for pricing
Property

Retail
Availability

1 Space

2,275 SF
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1575 Grand River Ave

1575 Grand River Ave, Okemos, MI
For Lease

$18.00/SF/YR
Property

Retail

10,464 SF
Availability

1 Space

10,464 SF
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2163 University Park

2163 University Park, Okemos, MI
For Lease

$16.00/SF/YR
Property

Office

18,031 SF
Availability

2 Spaces

3,087 SF
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JH Business Park

2803-2813 Jolly Rd, Okemos, MI
For Lease

$15.00/SF/YR
Property

Industrial

41,724 SF
Availability

1 Space

41,724 SF
Year Built

1997
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