2024 Office Space Rent & Sales
- $18.74 2024 Avg. Asking Rent
- 24.03% 2024 Office Vacancy Rate
Lansing office price per square foot in 2024 was $18.74 on average. The local office market recorded an average vacancy rate of 24.03% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Michigan Class A & A+ Office Space$23.20
- Michigan Class B Office Space$21.30
- Michigan Class C Office Space$15.30
Lansing, MI Office Asking Rents by Class
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2024 Office Construction in Lansing, MI
| Office building | Address | SF | Completed |
|---|---|---|---|
| 313 North Capitol Avenue | 313 North Capitol Avenue, 48933 | 2,494 | 2020 |
| 2505 Showtime Drive- Unit 2 - The Vista at the Heights | 2505 Showtime Drive, 48912 | 9,310 | 2016 |
| Genesis Health Park - 2 Suites ready for Occupancy | Genesis Medical Park - 3960 Patient Care Drive, 48911 | 40,285 | 2003 |
| 5236 Dumond CT | 5236 Dumond CT, 48917 | 10,188 | 2003 |
| 1,615 SF Medical Condo in Genesis Medical Park | Genesis Medical Park - 3960 Patient Care Drive, 48911 | 1,615 | 2003 |
| Genesis Medical Park - 3960 Patient Care Drive, Condo Unit 1 | Genesis Medical Park - 3960 Patient Care Drive, 48911 | 1,615 | 2003 |
| 8164 Executive Ct | 8164 Executive Ct, 48917 | 13,360 | 2002 |
| 1044 Eastbury Drive | 1044 Eastbury Drive, 48917 | 29,768 | 2001 |
| 1044 Eastbury Drive | 1044 Eastbury Drive, 48917 | 29,768 | 2001 |
| 6452 Millennium Dr | 6452 Millennium Dr, 48917 | 24,014 | 2001 |
Worth noting among recent office completions on the Lansing market is 313 North Capitol Avenue, which is currently the largest new office development in the city, at 2,494 square feet.
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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all 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 Yardi Research Data can guarantee that the information provided is complete.