Office Rental Market

$23.56 2019 Avg. Asking Rent
10.96 % 2019 Avg. Vacancy Rate
0 2019 Office Completions (Sqft)
0 2020 Estimated Pipeline (Sqft)

In 2019, the average asking rent for office space in East Lansing was $23.56 per square foot, and the office vacancy rate across the market averaged 10.96 %. During 2019, developers added 0 square feet of new office space to the East Lansing market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

East Lansing Class B Office Buildings$23.81
MI Class A Office Buildings$25.15
MI Class B Office Buildings$20.81
MI Class C Office Buildings$17.05

East Lansing, MI Office Asking Rents by Class

OFFICE CONSTRUCTION IN East Lansing, MI

East Lansing, MI Total Sqft completed in 2019 0
East Lansing, MI Total Sqft under construction in 2020 0

10 Largest Office Buildings in East Lansing
Building name	Address	Total Sqft	Year built
University Place	333 Albert Avenue, 48823	255,388	1987
Hannah Technology Research Center - 4660 South Hagadorn Road	4660 South Hagadorn Road, 48823	144,000	1985
2501 Coolidge Road	2501 Coolidge Road, 48823	109,576	1997
Park Place Office Park - 3100 West Road	3100 West Road, 48823	107,752	2000
City Center Office Building	333 East Grand River Avenue, 48823	98,493	2013
Michigan Education Association Headquarters	1216 Kendale Blvd, 48823	92,020	1963
1301 North Hagadorn Road	1301 North Hagadorn Road, 48823	89,000	1990
2875, 2911 & 2947 Eyde Pkwy & 4650 South Hagadorn Road	2947 Eyde Pkwy, 48823	85,000	1993
3515 West Road	3515 West Road, 48823	78,000	2010
First National Bank of America Headquarters	241 East Saginaw Street, 48823	75,232	1970

Largest Office Properties Recently Completed in East Lansing
Office building	Address	Sqft	Completed
City Center Office Building	333 East Grand River Avenue, 48823	98,493	2013
3515 West Road	3515 West Road, 48823	78,000	2010
2900 West Road	2900 West Road, 48823	49,379	2005
1475 Kendale Blvd	1475 Kendale Blvd, 48823	68,527	2001
830 West Lake Lansing Road	830 West Lake Lansing Road, 48823	25,410	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

Data provided by Commercial Edge

Office Spaces for Rent in Michigan

The East Lansing office market contains an inventory of 2,279,504 square feet of office space, in 42 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all East Lansing commercial properties sized 25,000 square feet or larger.