Lansing Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Lansing is $19.46 per square foot, 3.84% higher compared to the previous year.
  • The average sale price for office space in Lansing is $100.27 per square foot, marking an increase of 379.18% compared to 2024.
  • The market’s vacancy rate stands at 23.56%, higher than the state average of Michigan, which is 22.02%.

2025 Office Space Rent & Sales

  • $19.46 2025 Avg. Asking Rent
  • 3.84% Y-o-Y Avg. Asking Rent Change
  • 23.56% 2025 Office Vacancy Rate
  • $54.5M2025 Total Office Sales
  • $100.27Avg. Sale Price/SF

What is the average asking rent price for office space in Lansing?

Average asking rents for office space here stand at $19.46 per square foot. The local office market recorded an average vacancy rate of 23.56% in 2025, unchanged from 23.56% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $54.5M across 7 sales. These transactions commanded an average sale price per square foot of $100.27.

Lansing, MI Office Asking Rents by Class

What is the average office rent per square foot by property class in MI?

  • Avg. Asking Rent Class A & A+$22.82
  • Avg. Asking Rent Class B$21.47
  • Avg. Asking Rent Class C$15.43

For comparison, the average rent for Class A and A+ office space in Michigan was $22.82 per square foot. The state-wide average for Class B space was $21.47 per square foot, and Class C office spaces averaged $15.43 per square foot.

Explore Top Office Markets in Michigan

2025 Office Sales Volume

  • $100.272025 Avg. Price per SF
  • $54.5M2025 Office Sales Volume
  • 72025 Number of Transactions

What is the average sale price per square foot for office space in Lansing?

Average sale prices for office space in this market recorded a +379.18% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $100.27 per square foot. For comparison, the statewide Michigan average during the same time period stood at $113.58 per square foot, while the national average was $182.48 per square foot.

Lansing, MI Sale Price per SF Trend

  • Lansing Avg. Sale Price per SF in 2025$100.27
  • Michigan Avg. Sale Price per SF in 2025$113.58

What was the total office sales volume in Lansing in 2025?

The local office market recorded 7 deals in 2025, adding up to a yearly sales volume of $54.5M.

  • Lansing, MI Total Office Sales Volume in 2025 $54.5M
  • Lansing, MI Total Number of Office Sales Closed in 2025 7
Data provided by Yardi Research

Office Construction in Lansing, MI

What are the largest recent office completions in Lansing?

The largest recent office completion here is Genesis Health Park - 2 Suites ready for Occupancy at 40,285 square feet, completed in 2003. The next largest completions are 1044 Eastbury Drive and 1044 Eastbury Drive.

Office building Address SF Completed
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
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
1000 W St Joseph St 1000 W St Joseph St, 48915 11,275 2001
Capitol Commerce Center 6540 Millennium Dr, 48917 15,984 1999
Data provided by Yardi Research

See reports for other markets

Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

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.