Commercial Real Estate Market in East Lansing, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
63 active listings and 912 off-market properties in East Lansing, MI. Commercial property asks $161/SF to buy and $18.00/SF/Yr to lease.
Market Trends
East Lansing, MI spans 25.6 square miles in Ingham County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in East Lansing, MI has a median asking sale price of $155/SF (based on 8 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in East Lansing, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in East Lansing, MI runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Multifamily
Multifamily vacancy in East Lansing, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Market overview
Demographics & Economy
East Lansing, MI has 66,136 residents in 23,785 households. Density runs 2,588 people per square mile. Median household income here is $50,837 and median gross rent $1,127 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Okemos | $177 | $15.00 |
| Lansing | $90 | $14.00 |
| Dewitt | $167 | — |
| Dimondale | $100 | — |
Commercial property in East Lansing, MI asks $161/SF. The 4 bordering markets run from $90/SF in Lansing to $177/SF in Okemos, and the city sits above their $133/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in East Lansing?
How much does it cost to lease commercial space in East Lansing?
How does East Lansing compare to nearby markets on price?
Where does Realmo's East Lansing market data come from?
Methodology & data sources
- Asking prices and medians
- There are 31 active for-sale and 32 active for-lease listings in East Lansing, MI. The medians are based on 12 of the for-sale and 20 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
