2020 Office Space Rent & Sales
- $24.61 2020 Avg. Asking Rent
- 4.45% Y-o-Y Avg. Asking Rent Change
- 7.84% 2020 Office Vacancy Rate
East Lansing office price per square foot in 2020 was $24.61 on average. This marked a +4.45% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 7.84% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- East Lansing Class B Office Space$24.61
- Michigan Class A Office Space$25.50
- Michigan Class B Office Space$20.35
- Michigan Class C Office Space$17.64
East Lansing, MI Office Asking Rents by Class
2020 Office Construction in East Lansing, MI
- East Lansing, MI Total SF completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the East Lansing office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 1520 Earl Avenue | 1520 Earl Avenue, 48823 | 35,078 | 2019 |
| 3515 West Road | 3515 West Road, 48823 | 78,000 | 2010 |
| 250 East Saginaw Street | 250 East Saginaw Street, 48823 | 34,982 | 2007 |
| 1475 Kendale Blvd | 1475 Kendale Blvd, 48823 | 68,527 | 2001 |
| Park Place Office Park - 3100 West Road | 3100 West Road, 48823 | 107,752 | 2000 |
| 2501 Coolidge Road | 2501 Coolidge Road, 48823 | 109,576 | 1997 |
| 2651 Coolidge Road | 2651 Coolidge Road, 48823 | 58,644 | 1995 |
| 2601 Coolidge Road | 2601 Coolidge Road, 48823 | 39,210 | 1995 |
| 2875, 2911 & 2947 Eyde Pkwy & 4650 South Hagadorn Road | 2947 Eyde Pkwy, 48823 | 85,000 | 1993 |
| 3001 Coolidge Road | 3001 Coolidge Road, 48823 | 71,792 | 1992 |
Worth noting among recent office completions on the East Lansing market is 1520 Earl Avenue, which is currently the largest new office development in the city, at 35,078 square feet.
See reports for nearby markets
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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. 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.