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492 Commercial Real Estate Listings in Lansing, MI

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Lansing, MI Commercial Real Estate

There are currently 489 commercial listings available in Lansing, MI. These listings include 272 commercial spaces that encompass a total of 2,473,818 square feet. Available commercial spaces in Lansing, MI range in size from 1 square feet to 250,000 square feet. A total of 264 off-market commercial properties located in Lansing, MI are also available for research.

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Lansing, MI Commercial Inventory Breakdown

In 2022 the Lansing, MI commercial real estate market totaled 6,324,802 square feet of office spaces, 2,854,618 square feet of office spaces with retail, and 29,934,147 square feet of industrial space.

Office Spaces

Total: 6,324,802 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 2,021,700 SqFt 31.96% of total office
100k to 500k SqFt 4,303,102 SqFt 68.04% of total office
By class:
Class A 2,009,041 SqFt 31.76% of total office
Class B 3,558,113 SqFt 56.26% of total office
Class C 657,648 SqFt 10.4% of total office


Class A office space holds a 31.76% share of the overall Lansing, MI office market, while Class B office assets make up approximately 56.26%.

Industrial

Total: 29,934,147 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 3,011,299 SqFt 10.06% of total industrial
100k to 500k SqFt 9,232,236 SqFt 30.84% of total industrial
500k to 1M SqFt 4,518,612 SqFt 15.1% of total industrial
> 1M SqFt 13,172,000 SqFt 44% of total industrial
By class:
Class A 12,461,870 SqFt 41.63% of total industrial
Class B 12,200,660 SqFt 40.76% of total industrial
Class C 1,859,917 SqFt 6.21% of total industrial
There are 9,232,236 square feet of commercial real estate properties between 100k to 500k square feet, representing 30.84% of the Lansing, MI industrial inventory. Class A assets total 12,461,870 square feet of industrial space, with an additional 12,200,660 square feet of Class B and 1,859,917 square feet of Class C properties.

Office Spaces with Retail

Total: 2,854,618 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 169,783 SqFt 5.95% of total office with retail
100k to 500k SqFt 2,089,200 SqFt 73.19% of total office with retail
500k to 1M SqFt 595,635 SqFt 20.87% of total office with retail

Lansing, MI Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Lansing, MI Office 90 968,344
Lansing, MI Retail 63 423,637
Lansing, MI Industrial 34 1,120,188
Lansing, MI Other 222 2,527,169
Ofice Icon

90

Office

Industrial Icon

34

Industrial

Retail Icon

63

Retail

Current local active listing encompass 5,039,338 square feet of commercial space for lease in Lansing. There are 90 active office listings, which amount to 968,344 square feet and account for 22% of commercial spaces on the market. Local retail availability includes 423,637 square feet across 63 listings. Current industrial offerings on the market amount to 1,120,188 square feet across a total of 34.

Employment in Lansing, MI

Employed Population 60,744

Employed population - Industry % Distribution

Management, business, science, and arts occupations

35%

Service occupations

20%

Sales and office occupations

20%

Production, transportation, and material moving occupations

18%

Natural resources, construction, and maintenance occupations

6%

In 2020, roughly 35% of a total of 60,744 employed in Lansing worked in Management, business, science, and arts occupations, followed by 20% in Service occupations and 20% in Sales and office occupations.

Income per capita $24,221  Median household income $41,066

Household income

60%

Under $50k

28%

$50k - $100k

11%

$100k - $200k

1%

Over $200k

The median household income in Lansing stands at $41,066, with per capita income at $24,221. Households earning between $50k and $100k represent 28% of the total, while those earning over $200k make up 1%. Approximately 60% of Lansing households earn less than $50k per year.

Commuting in Lansing, MI

Mean travel time to work 20 minutes

Means of transportation to work

72.50%

Driving alone

12.40%

Carpool

5.20%

Public transit

1.10%

Bicycle

4.00%

Walking

2.80%

Other

2.10%

Work at Home

*Universe: Workers 16 and over

The mean travel time to work in Lansing in 2020 was 20 minutes. Around 72.50% of workers commute by Driving alone, 12.40% Carpool and 5.20% by Public transit.

Education in Lansing, MI

High school grad or higher 90%

Bachelor's degree or higher 29%

Population by minimum level of education

10%

No degree

25%

High school

36%

Some College

19%

Bachelor's

10%

Post-grad

*Universe: Workers 25 and over

An estimated 90% of Lansing residents aged 25 or over hold a high school degree or higher. Of those, 25% are high school graduates, 36% attended some college, 19% earned a bachelor's degree, with an additional 10% holding post-graduate degrees.

Lansing, MI Demographics

As of 2020, Lansing had a total population of 116,677, with a median age of 33.30 years. Roughly 69.70% of the total population was between the ages of 16 and 64 years old.