2022 Office Space Rent & Sales
- $21.98 2022 Avg. Asking Rent
- 24.20% 2022 Office Vacancy Rate
East Lansing office price per square foot in 2022 was $21.98 on average. The local office market recorded an average vacancy rate of 24.20% across all asset classes combined.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- East Lansing Class B Office Space$22.02
- East Lansing Class C Office Space$20.00
- Michigan Class A & A+ Office Space$23.64
- Michigan Class B Office Space$21.53
- Michigan Class C Office Space$18.62
East Lansing, MI Office Asking Rents by Class
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Coworking Spaces in Michigan
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2022 Office Construction in East Lansing, MI
- East Lansing, MI Total SF under construction in 2023 87,822
| Office building | Address | SF | Completed |
|---|---|---|---|
| 1690 Watertower Place | 1690 Watertower Place, 48823 | 1,511 | 2006 |
| 2900 West Road | 2900 West Road, 48823 | 49,379 | 2005 |
| 315 W Lake Lansing Rd | 315 W Lake Lansing Rd, 48823 | 7,500 | 2005 |
| Park Place Office Park - 3100 West Road | 3100 West Road, 48823 | 107,752 | 2000 |
| 780 W Lake Lansing Rd | 780 W Lake Lansing Rd, 48823 | 19,000 | 2000 |
| 1504 E. Grand River | 1504 E Grand River Ave, 48823 | 17,434 | 2000 |
| 612 W. Lake Lansing Rd. | 612 W. Lake Lansing Rd., 48823 | 13,200 | 1999 |
| Lake Lansing Road Professional Office Space | 612 E Lake Lansing, 48823 | 13,200 | 1999 |
| East Lansing Office Space Available for Sale or Lease-1760 Abbey Road | 1720 Abbey Road, 48823 | 8,880 | 1999 |
| 740 W Lake Lansing Rd | 740 W Lake Lansing Rd, 48823 | 8,000 | 1994 |
Worth noting among recent office completions on the East Lansing market is 1690 Watertower Place, which is currently the largest new office development in the city, at 1,511 square feet.
See reports for other markets
- Detroit Office Rent Price
- Ann Arbor Office Rent Price
- Southfield Office Rent Price
- Troy Office Rent Price
- Grand Rapids Office Rent Price
- Lansing Office Rent Price
- Farmington Hills Office Rent Price
- Seattle Office Rent Price
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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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. 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.