What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The East Lansing commercial real estate market incorporates 1,967,871 square feet of office space across 52 buildings. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The East Lansing commercial real estate market includes 990,575 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the East Lansing market, there is a total of 89,869 square feet of industrial property.

What types of commercial real estate are available in East Lansing, MI?

The largest share of commercial real estate space for lease in East Lansing is represented by Office space , which accounts for 276,729 square feet of available listings. Retail space available in East Lansing adds up to 65,798 square feet.

What factors affect the price of commercial real estate in East Lansing, MI?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What is the average rent for commercial space in East Lansing, MI?

The average rent for commercial real estate space listed for lease in East Lansing is $18.51 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in East Lansing can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

What are the best areas for commercial real estate in East Lansing, MI?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in East Lansing, depending on the property type you are interested in. Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $25 per square foot. In particular, the property type commanding the highest lease rates in East Lansing was Office space.

What is the average size of a commercial property in East Lansing, MI?

The average size of a commercial property in East Lansing depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: In East Lansing, the average size of an office property is 41,870 square feet. Retail properties here incorporate an average of 55,032 square feet. Industrial space in East Lansing is in buildings that are, on average 89,869 square feet in size.

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87 Commercial Real Estate Listings in East Lansing, MI

CRE Market Stats

Trowbridge Village

920 Trowbridge Road, East Lansing, MI
For Lease

$18.00 - $22.00/SF/YR
Property

Retail

2,825 SF
Availability

2 Spaces

2,824 SF
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830 W. Lake Lansing Rd

830 W. Lake Lansing Rd, East Lansing, MI
For Lease

$15.00/SF/YR
Property

Office

24,870 SF
Availability

1 Space

22,722 SF
Year Built

2001
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Briarwood Court

3496 E Lake Lansing Road, East Lansing, MI
For Lease

$16.00/SF/YR
Property

Office

13,156 SF
Availability

1 Space

2,978 SF
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1305 Abbot Road - Stockwell Building

1305 Abbot Road - Stockwell Building , East Lansing, MI
For Lease

$15.00/SF/YR
Property

Office

22,900 SF
Availability

2 Spaces

15,018 SF
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912 Coolidge Rd

912 Coolidge Rd, East Lansing, MI
For Lease

Contact for pricing
Property

Mixed Use

2,548 SF
Availability Contact for availability
Year Built

1948
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Park Place Office Park - 3100 West Road

3100 West Road, East Lansing, MI
For Lease

Contact for pricing
Property

Office

107,752 SF
Availability

3 Spaces

30,065 SF
Year Built

2000
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139 W Lake Lansing Road

139 W Lake Lansing Road , East Lansing, MI
For Lease

$13.75/SF/YR
Property

Office

16,720 SF
Availability

1 Space

5,552 SF
Year Built

1988
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2900 West Road

2900 West Road, East Lansing, MI
For Lease

$14.00 - $26.00/SF/YR
Property

Office

49,379 SF
Availability

6 Spaces

28,679 SF
Year Built

2005
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Hillcrest Village

540 Glenmoor Rd, East Lansing, MI
For Sale

Contact for pricing
Property

Other

77,880 SF
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Hannah Technology Research Center - 4700 South Hagadorn Road

4700 South Hagadorn Road, East Lansing, MI
For Lease

Contact for pricing
Property

Office

63,000 SF
Availability

1 Space

62,961 SF
Year Built

1985
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University Place

333 Albert Avenue, East Lansing, MI
For Lease

$14.81 - $37.68/SF/YR
Property

Office

255,388 SF
Availability

7 Spaces

11,225 SF
Year Built

1987
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MI, East Lansing - 1760 Abbey Rd
HQ
1760 Abbey Rd 2nd floor, East Lansing, MI
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

Bike storage

Catering

Complimentary coffee & tea

Free water

High-speed wifi

Parking

Pet friendly

Printer

Privacy booths

Projector
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120 W Saginaw Street - Yamasaki Building

120 W Saginaw Street - Yamasaki Building, East Lansing, MI
For Lease

$25.00/SF/YR
Property

Office

25,087 SF
Availability

2 Spaces

17,504 SF
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4572 S Hagadorn Rd

4572 S Hagadorn Rd, East Lansing, MI
For Lease

$22.00/SF/YR
Property

Office

34,608 SF
Availability

1 Space

660 SF
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Office Suite at Gateway to MSU

1038 Trowbridge Road, East Lansing, MI
For Lease

$24.00/SF/YR
Property

Office

2,146 SF
Availability

1 Space

2,146 SF
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Gables Plaza

2848 East Grand River Avenue, East Lansing, MI
For Lease

Contact for pricing
Property

Office

27,860 SF
Availability

1 Space

1,300 SF
Year Built

1984
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231 W Lake Lansing Rd

231 W Lake Lansing Rd, East Lansing, MI
For Lease

$15.50/SF/YR
Property

Office

10,533 SF
Availability

1 Space

2,332 SF
Year Built

1992
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2035 W Lake Lansing Rd

2035 W Lake Lansing Rd, East Lansing, MI
For Lease

$14.50/SF/YR
Property

Office

7,500 SF
Availability

1 Space

665 SF
Year Built

1990
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221 W. Lake Lansing Rd, Suite 300

221 W. Lake Lansing Rd, Suite 300, East Lansing, MI
For Lease

$15.75/SF/YR
Property

Office

10,000 SF
Availability

1 Space

2,718 SF
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1690 Watertower Place

1690 Watertower Place, East Lansing, MI
For Sale

$159,900
Property

Office

1,511 SF
Year Built

2006
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780 W Lake Lansing Rd

780 W Lake Lansing Rd, East Lansing, MI
For Lease

$5.00 - $15.00/SF/YR
Property

Office

19,000 SF
Availability

4 Spaces

8,393 SF
Year Built

2000
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740 W Lake Lansing Rd

740 W Lake Lansing Rd, East Lansing, MI
For Lease

$14.50/SF/YR
Property

Office

8,000 SF
Availability

1 Space

1,738 SF
Year Built

1994
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East Lansing Office Space Available for Sale or Lease-1760 Abbey Road

1720 Abbey Road, East Lansing, MI
For Lease

Contact for pricing
Property

Office
Availability

1 Space

6,966 SF
Year Built

1999
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Meridian Pointe

2655 E. Grand River Ave., East Lansing, MI
For Lease

$16.00/SF/YR
Property

Retail

53,616 SF
Availability

1 Space

10,723 SF
Year Built

1998
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Trowbridge Village Retail

1034 Trowbridge Road, East Lansing, MI
For Lease

$20.00 - $25.00/SF/YR
Property

Retail

67,633 SF
Availability

1 Space

1,776 SF
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Quick Serve Restaurant with Drive Up Window Near MSU

1000 Trowbrdige, East Lansing, MI
For Lease

$28.00/SF/YR
Property

Retail

2,500 SF
Availability

1 Space

2,800 SF
Year Built

1977
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